Sciencast Management LP Purchases 12,336 Shares of Exelon Co. (NASDAQ:EXC)

Sciencast Management LP lifted its holdings in Exelon Co. (NASDAQ:EXC) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,864 shares of the company’s stock after acquiring an additional 12,336 shares during the quarter. Exelon makes up approximately 0.8% of Sciencast Management LP’s holdings, making the stock its 14th largest holding. Sciencast Management LP’s holdings in Exelon were worth $3,044,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of EXC. Rosenberg Matthew Hamilton raised its stake in shares of Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after acquiring an additional 275 shares during the last quarter. Wesbanco Bank Inc. raised its position in Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after purchasing an additional 296 shares during the last quarter. PFG Investments LLC lifted its holdings in Exelon by 2.4% during the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock worth $495,000 after buying an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Exelon by 1.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after buying an additional 311 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Exelon by 3.0% during the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock worth $450,000 after acquiring an additional 322 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Barclays lifted their price target 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. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley lifted their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Exelon Price Performance

Shares of EXC stock opened at $43.80 on Friday. The firm has a market capitalization of $44.03 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.20. 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 firm has a fifty day moving average of $41.97 and a 200-day moving average of $39.95.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 period in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.65%. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is 65.31%.

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.