StoneX Group Inc. Increases Holdings in Exelon Co. (NASDAQ:EXC)

StoneX Group Inc. boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 14.4% during the 4th quarter, HoldingsChannel reports. The firm owned 36,753 shares of the company’s stock after buying an additional 4,613 shares during the period. StoneX Group Inc.’s holdings in Exelon were worth $1,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Exelon during the fourth quarter valued at $479,597,000. JPMorgan Chase & Co. increased its position in Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares during the period. Vanguard Group Inc. raised its holdings in shares of Exelon by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares in the last quarter. Amundi lifted its position in shares of Exelon by 53.8% in the 4th quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after purchasing an additional 2,160,201 shares during the period. Finally, State Street Corp boosted its stake in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 0.3 %

NASDAQ:EXC opened at $45.92 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a fifty day simple moving average of $42.75 and a 200-day simple moving average of $40.23. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $46.28. The company has a market capitalization of $46.36 billion, a P/E ratio of 18.74, a PEG ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $0.60 earnings per share. On average, equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.40 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s payout ratio is currently 65.31%.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. UBS Group raised their price objective on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Evercore ISI upgraded shares of 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. Finally, Scotiabank increased their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Insider Buying and Selling

In related 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 completion of the transaction, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

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.