NewEdge Advisors LLC Increases Stock Position in Exelon Co. (NASDAQ:EXC)

NewEdge Advisors LLC boosted its position in Exelon Co. (NASDAQ:EXC - Free Report) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,067 shares of the company's stock after buying an additional 7,984 shares during the quarter. NewEdge Advisors LLC's holdings in Exelon were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EXC. Millstone Evans Group LLC bought a new stake in shares of Exelon during the fourth quarter valued at approximately $28,000. Stephens Consulting LLC boosted its position in shares of Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after buying an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon in the 4th quarter worth about $30,000. Crews Bank & Trust bought a new position in Exelon during the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after acquiring an additional 513 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Trading Up 0.2 %

Shares of EXC traded up $0.10 during midday trading on Tuesday, hitting $46.58. The stock had a trading volume of 977,424 shares, compared to its average volume of 8,241,468. The stock's 50 day moving average is $44.80 and its 200 day moving average is $41.10. The firm has a market cap of $47.02 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the previous year, the company posted $0.60 earnings per share. As a group, analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group increased their target price on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. BMO Capital Markets boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday. Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Guggenheim set a $47.00 target price on shares of Exelon and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley upped their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $46.67.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

About Exelon

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.