Howard Capital Management Inc. Has $1.37 Million Holdings in Exelon Co. (NASDAQ:EXC)

Howard Capital Management Inc. boosted its stake in shares of Exelon Co. (NASDAQ:EXC) by 29.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,374 shares of the company’s stock after buying an additional 8,371 shares during the period. Howard Capital Management Inc.’s holdings in Exelon were worth $1,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXC. JPMorgan Chase & Co. boosted its stake in Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after purchasing an additional 3,068,309 shares during the period. State Street Corp boosted its stake in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Nordea Investment Management AB boosted its stake in Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after purchasing an additional 2,018,604 shares during the period. FMR LLC raised its position in 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 buying an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in 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 buying an additional 1,293,753 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $43.39 on Monday. 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 stock has a market capitalization of $43.62 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The company has a 50 day moving average price of $39.41 and a two-hundred day moving average price of $39.11. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $43.69.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 prior year, the business earned $0.60 EPS. As a group, equities analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.69%. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio is presently 62.04%.

Analyst Ratings Changes

EXC has been the topic of several recent analyst reports. Barclays dropped their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Scotiabank raised 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. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

Exelon Company 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.