Proficio Capital Partners LLC Buys Shares of 113,959 Exelon Co. (NASDAQ:EXC)

Proficio Capital Partners LLC bought a new stake in shares of Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 113,959 shares of the company’s stock, valued at approximately $4,289,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC grew its position in shares of Exelon by 78.1% in the 4th 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. Ashton Thomas Securities LLC purchased a new position in shares of Exelon in the 3rd quarter worth approximately $32,000. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon in the 4th quarter worth approximately $30,000. Crews Bank & Trust purchased a new position in shares of Exelon in the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC grew its position in shares of Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after buying an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EXC shares. Barclays lifted their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley lowered their target price 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 lifted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and an average price target of $44.13.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $43.68 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. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20. The company has a 50 day simple moving average of $40.40 and a two-hundred day simple moving average of $39.44. The stock has a market cap of $43.91 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.60 earnings per share. As a group, analysts predict 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 will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be 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 3.66%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s payout ratio is currently 65.31%.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

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.