Exelon Co. (NASDAQ:EXC) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,546 shares of the company’s stock after purchasing an additional 12,308 shares during the period. CIBC Asset Management Inc’s holdings in Exelon were worth $12,141,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EXC. Stephens Consulting LLC increased its stake in shares of Exelon by 78.1% in the fourth 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. bought a new stake in shares of Exelon in the fourth quarter worth $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Exelon in the third quarter worth $32,000. Crews Bank & Trust bought a new stake in shares of Exelon in the fourth quarter worth $34,000. Finally, Versant Capital Management Inc increased its stake in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after buying an additional 379 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXC has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target 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. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays lowered their target price 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. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.38.

Insider Buying and Selling

In related 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 sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Exelon Stock Down 0.4 %

Exelon stock opened at $42.70 on Wednesday. The company has a 50-day simple moving average of $39.04 and a 200-day simple moving average of $39.00. The firm has a market capitalization of $42.90 billion, a P/E ratio of 17.57, a P/E/G ratio of 2.74 and a beta of 0.56. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a one year low of $34.01 and a one year high of $43.45.

Exelon (NASDAQ:EXC) last released 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 net margin of 10.60% and a return on equity of 9.47%. During the same quarter last year, the company earned $0.60 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.75%. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is presently 62.55%.

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.