SBI Securities Co. Ltd. Buys New Stake in Exelon Co. (NASDAQ:EXC)

SBI Securities Co. Ltd. bought a new stake in Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 950 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Stephens Consulting LLC boosted its holdings in 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 purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. bought a new stake in Exelon in the 4th quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in Exelon in the 3rd quarter valued at $32,000. Crews Bank & Trust bought a new stake in Exelon in the 4th quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Down 0.8 %

Shares of Exelon stock opened at $43.40 on Wednesday. The stock has a market capitalization of $43.63 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The company has a 50-day simple moving average of $40.98 and a 200 day simple moving average of $39.64. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.19.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the previous year, the company posted $0.60 earnings per share. Research analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.69%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is 65.31%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.13.

Insider Buying and Selling

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate 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.