Legacy Solutions LLC Acquires New Stake in Exelon Co. (NASDAQ:EXC)

Legacy Solutions LLC bought a new position in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,376 shares of the company’s stock, valued at approximately $466,000.

Several other institutional investors also recently bought and sold shares of EXC. Stephens Consulting LLC grew its holdings in shares of Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after purchasing an additional 343 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Exelon in the 3rd quarter valued at $32,000. Brown Lisle Cummings Inc. purchased a new stake in Exelon during the fourth quarter worth about $30,000. Crews Bank & Trust purchased a new position in Exelon during the fourth quarter worth $34,000. Finally, Versant Capital Management Inc increased its stake in Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank upped their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Barclays cut their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.38.

Exelon Stock Down 0.4 %

Shares of NASDAQ:EXC opened at $42.70 on Wednesday. The firm has a market cap of $42.92 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.84 and a beta of 0.56. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $43.45. The business has a fifty day simple moving average of $39.04 and a 200 day simple moving average of $39.00.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (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 last year, the company posted $0.60 earnings per share. Analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is 62.04%.

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 transaction of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

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.