Exelon Co. (NASDAQ:EXC) Shares Bought by IFP Advisors Inc

IFP Advisors Inc increased its holdings in Exelon Co. (NASDAQ:EXC) by 71.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,547 shares of the company’s stock after purchasing an additional 1,483 shares during the quarter. IFP Advisors Inc’s holdings in Exelon were worth $134,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after acquiring an additional 3,068,309 shares during the last quarter. State Street Corp raised its holdings in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after acquiring an additional 2,156,259 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Exelon by 418.1% during the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after acquiring an additional 2,018,604 shares during the last quarter. FMR LLC raised its holdings in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after acquiring an additional 1,858,502 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Exelon by 212.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after acquiring an additional 1,293,753 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of a number of research analyst reports. Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley dropped their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Barclays upped their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Exelon Trading Down 2.0 %

Shares of Exelon stock opened at $43.68 on Wednesday. The firm has a market capitalization of $43.91 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.86 and a beta of 0.56. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a 50 day moving average of $40.40 and a 200 day moving average of $39.44.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 period last year, the business earned $0.60 earnings per share. As a group, research analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.40 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on 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 directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

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.