Haverford Trust Co Has $421,000 Stock Position in Exelon Co. (NASDAQ:EXC)

Haverford Trust Co increased its stake in Exelon Co. (NASDAQ:EXC) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,178 shares of the company’s stock after buying an additional 897 shares during the quarter. Haverford Trust Co’s holdings in Exelon were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. increased its position in Exelon by 110.7% during the fourth quarter. Prudential Financial Inc. now owns 2,503,517 shares of the company’s stock worth $94,232,000 after buying an additional 1,315,414 shares during the last quarter. Corebridge Financial Inc. increased its holdings in shares of Exelon by 5.2% during the 4th quarter. Corebridge Financial Inc. now owns 411,939 shares of the company’s stock worth $15,505,000 after acquiring an additional 20,354 shares during the last quarter. Congress Wealth Management LLC DE bought a new stake in Exelon in the 4th quarter valued at $250,000. Crowley Wealth Management Inc. bought a new stake in Exelon in the 4th quarter valued at $69,000. Finally, Vanguard Group Inc. boosted its position in Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 1.9 %

NASDAQ EXC opened at $42.76 on Wednesday. The business has a fifty day moving average price of $42.19 and a two-hundred day moving average price of $40.03. The stock has a market capitalization of $43.17 billion, a PE ratio of 17.45, a PEG ratio of 2.86 and a beta of 0.51. 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 current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last announced 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 quarter in the prior year, the company posted $0.60 earnings per share. Equities analysts expect that Exelon Co. will post 2.64 earnings per share 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 $0.40 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Analysts Set New Price Targets

Several brokerages recently commented on EXC. Scotiabank lifted their target price 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. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley boosted their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Four research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.13.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently 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.