Sharpepoint LLC Buys New Shares in Exelon Co. (NASDAQ:EXC)

Sharpepoint LLC bought a new position in Exelon Co. (NASDAQ:EXC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,782 shares of the company's stock, valued at approximately $293,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in Exelon during the 4th quarter worth $28,000. Stephens Consulting LLC increased its stake in shares of Exelon by 78.1% in the 4th 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 period. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon during the fourth quarter worth $30,000. Crews Bank & Trust acquired a new position in shares of Exelon during the fourth quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Exelon by 119.6% during the fourth 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 period. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Trading Down 0.2 %

EXC stock traded down $0.12 during midday trading on Friday, hitting $46.22. 2,096,740 shares of the company's stock were exchanged, compared to its average volume of 7,235,498. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The stock's fifty day moving average price is $44.65 and its 200-day moving average price is $40.99. The company has a market cap of $46.66 billion, a PE ratio of 18.87, 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 quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 firm posted $0.60 EPS. Research analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.46%. This is a positive change from Exelon's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon's dividend payout ratio (DPR) is presently 65.31%.

Analysts Set New Price Targets

Several analysts have weighed in on EXC shares. Morgan Stanley boosted their price objective on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Barclays increased their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. Evercore ISI reaffirmed an "in-line" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a report on Tuesday, April 15th. Scotiabank raised 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. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $45.78.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares of the company's stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

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.