Concurrent Investment Advisors LLC Boosts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Concurrent Investment Advisors LLC raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,743 shares of the company’s stock after buying an additional 1,463 shares during the period. Concurrent Investment Advisors LLC’s holdings in Exelon were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Ieq Capital LLC boosted its position in Exelon by 1.0% during the fourth quarter. Ieq Capital LLC now owns 61,984 shares of the company’s stock valued at $2,333,000 after buying an additional 615 shares during the period. Private Advisor Group LLC boosted its position in Exelon by 12.0% during the fourth quarter. Private Advisor Group LLC now owns 64,561 shares of the company’s stock valued at $2,430,000 after buying an additional 6,900 shares during the period. Legacy Solutions LLC purchased a new stake in Exelon during the fourth quarter valued at about $466,000. Davidson Investment Advisors boosted its position in Exelon by 0.4% during the fourth quarter. Davidson Investment Advisors now owns 377,845 shares of the company’s stock valued at $14,222,000 after buying an additional 1,516 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its position in Exelon by 2.5% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 30,345 shares of the company’s stock valued at $1,142,000 after buying an additional 738 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

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 sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Exelon Price Performance

EXC stock opened at $43.35 on Tuesday. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $44.01. The company has a market cap of $43.58 billion, a P/E ratio of 17.69, a PEG ratio of 2.86 and a beta of 0.56. The firm has a 50-day moving average of $39.56 and a 200 day moving average of $39.15. 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 announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share 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 period in the previous year, the firm earned $0.60 EPS. On average, sell-side analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays lowered their price objective on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and a consensus target price of $43.38.

About Exelon

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.