Exelon Co. (NASDAQ:EXC) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its stake in shares of Exelon Co. (NASDAQ:EXC) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,654 shares of the company’s stock after buying an additional 2,336 shares during the quarter. Park Avenue Securities LLC’s holdings in Exelon were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Czech National Bank lifted its holdings in shares of Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after purchasing an additional 14,158 shares in the last quarter. HITE Hedge Asset Management LLC lifted its holdings in shares of Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock valued at $16,051,000 after purchasing an additional 321,333 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after purchasing an additional 123,466 shares in the last quarter. State Street Corp lifted its holdings in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Exelon by 3.3% in the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock valued at $47,029,000 after purchasing an additional 36,734 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of EXC stock opened at $40.44 on Wednesday. Exelon Co. has a one year low of $33.35 and a one year high of $41.19. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The company has a 50 day moving average price of $38.03 and a 200 day moving average price of $38.27. The firm has a market capitalization of $40.64 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the business posted $0.67 earnings per share. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Exelon Co. will post 2.46 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

Analyst Ratings Changes

EXC has been the topic of several recent research reports. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Scotiabank upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.38.

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.