23,273 Shares in Exelon Co. (NASDAQ:EXC) Bought by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. acquired a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,273 shares of the company's stock, valued at approximately $836,000.

Several other large investors have also modified their holdings of EXC. SVB Wealth LLC boosted its position in shares of Exelon by 2.9% in the first quarter. SVB Wealth LLC now owns 7,714 shares of the company's stock valued at $367,000 after acquiring an additional 219 shares during the period. NewEdge Advisors LLC boosted its position in shares of Exelon by 1.4% in the first quarter. NewEdge Advisors LLC now owns 18,411 shares of the company's stock valued at $775,000 after acquiring an additional 248 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Exelon by 3.9% in the first quarter. Baltimore Washington Financial Advisors Inc. now owns 7,110 shares of the company's stock valued at $310,000 after acquiring an additional 266 shares during the period. Addison Advisors LLC boosted its position in shares of Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company's stock valued at $31,000 after acquiring an additional 276 shares during the period. Finally, MCF Advisors LLC boosted its position in shares of Exelon by 10.5% in the third quarter. MCF Advisors LLC now owns 2,936 shares of the company's stock valued at $111,000 after acquiring an additional 278 shares during the period. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Exelon from a "sell" rating to a "hold" rating in a research report on Monday, March 25th. Royal Bank of Canada cut their price objective on shares of Exelon from $45.00 to $38.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 19th. Morgan Stanley cut shares of Exelon from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $45.00 to $38.00 in a research report on Monday, December 18th. JPMorgan Chase & Co. cut shares of Exelon from an "overweight" rating to a "neutral" rating and set a $41.00 price objective for the company. in a research report on Monday, December 18th. Finally, TheStreet cut shares of Exelon from a "b-" rating to a "c+" rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $39.09.

Exelon Price Performance

Shares of EXC stock traded down $0.52 on Tuesday, reaching $35.75. The company had a trading volume of 5,114,400 shares, compared to its average volume of 6,760,371. The business's 50-day moving average is $36.25 and its 200 day moving average is $37.11. Exelon Co. has a one year low of $33.35 and a one year high of $43.71. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $35.73 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.66 and a beta of 0.54.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm's revenue was up 15.0% compared to the same quarter last year. Equities research analysts forecast that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Friday, March 1st. This is an increase from Exelon's previous quarterly dividend of $0.36. Exelon's dividend payout ratio is currently 65.24%.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.