Exelon Co. (NASDAQ:EXC) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in Exelon Co. (NASDAQ:EXC) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,546 shares of the company’s stock after purchasing an additional 12,308 shares during the period. CIBC Asset Management Inc’s holdings in Exelon were worth $12,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXC. KLCM Advisors Inc. increased its holdings in Exelon by 32.5% during the 4th quarter. KLCM Advisors Inc. now owns 9,876 shares of the company’s stock valued at $372,000 after acquiring an additional 2,423 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in Exelon by 175.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 4,404 shares of the company’s stock valued at $166,000 after acquiring an additional 2,806 shares in the last quarter. Strategic Advisors LLC increased its holdings in Exelon by 43.3% during the 4th quarter. Strategic Advisors LLC now owns 12,048 shares of the company’s stock valued at $453,000 after acquiring an additional 3,640 shares in the last quarter. WBH Advisory Inc. increased its holdings in Exelon by 17.9% during the 4th quarter. WBH Advisory Inc. now owns 10,184 shares of the company’s stock valued at $383,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Exelon during the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Exelon Price Performance

Exelon stock opened at $42.70 on Wednesday. The company has a market cap of $42.90 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.74 and a beta of 0.56. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $43.45. The firm has a 50 day moving average price of $39.04 and a 200 day moving average price of $39.00.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.60% and a return on equity of 9.47%. During the same quarter in the previous year, the business earned $0.60 EPS. Sell-side analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon’s payout ratio is 62.55%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley lowered 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. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Scotiabank lifted their price target 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. Finally, Barclays lowered their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Exelon 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.