Exelon Co. (NASDAQ:EXC) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its stake in shares of Exelon Co. (NASDAQ:EXC) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,363 shares of the company’s stock after buying an additional 4,527 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Exelon were worth $1,595,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EXC. Stephens Consulting LLC raised its position in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in Exelon during the fourth quarter valued at $30,000. Crews Bank & Trust acquired a new position in Exelon during the fourth quarter valued at $34,000. Capital Advisors Ltd. LLC grew its position in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Exelon during the 4th quarter worth about $36,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Down 1.8 %

EXC stock opened at $43.80 on Friday. The business’s 50-day moving average is $41.97 and its 200 day moving average is $39.95. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.20. The stock has a market cap of $44.03 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.86 and a beta of 0.51. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC) last issued its quarterly 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 return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the previous year, the business earned $0.60 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is currently 65.31%.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent research reports. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Morgan Stanley boosted their target price on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group raised their price target on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Barclays upped their price objective 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.13.

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.