Cibc World Markets Corp Purchases 23,005 Shares of Exelon Co. (NASDAQ:EXC)

Cibc World Markets Corp increased its position in shares of Exelon Co. (NASDAQ:EXC) by 14.6% in the 4th quarter, HoldingsChannel reports. The fund owned 180,626 shares of the company’s stock after acquiring an additional 23,005 shares during the period. Cibc World Markets Corp’s holdings in Exelon were worth $6,799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Yardley Wealth Management LLC grew its holdings in Exelon by 100.0% in the fourth quarter. Yardley Wealth Management LLC now owns 16,000 shares of the company’s stock worth $626,000 after purchasing an additional 8,000 shares during the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Exelon by 1.8% in the 4th quarter. Van Hulzen Asset Management LLC now owns 353,571 shares of the company’s stock worth $13,309,000 after purchasing an additional 6,132 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Exelon by 12.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 42,363 shares of the company’s stock worth $1,595,000 after buying an additional 4,527 shares during the last quarter. one8zero8 LLC acquired a new position in Exelon during the 4th quarter valued at about $762,000. Finally, Natixis Advisors LLC raised its stake in Exelon by 1.5% in the fourth quarter. Natixis Advisors LLC now owns 509,947 shares of the company’s stock valued at $19,194,000 after buying an additional 7,493 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.1 %

Shares of Exelon stock opened at $44.42 on Wednesday. The stock has a market cap of $44.65 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The firm has a fifty day moving average price of $41.59 and a 200 day moving average price of $39.84. Exelon Co. has a 1 year low of $34.01 and a 1 year 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 released its quarterly earnings data 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 return on equity of 9.52% and a net margin of 10.68%. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. 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 yield of 3.60%. Exelon’s payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’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 transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research analyst reports. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Barclays boosted their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Morgan Stanley decreased 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 boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.13.

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.