Exelon Co. (NASDAQ:EXC) Shares Acquired by Horizon Investments LLC

Horizon Investments LLC raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,811 shares of the company’s stock after buying an additional 335 shares during the period. Horizon Investments LLC’s holdings in Exelon were worth $708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC grew its stake in shares of Exelon by 10.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock worth $282,000 after purchasing an additional 638 shares during the last quarter. Empowered Funds LLC grew its position in Exelon by 8.8% in the third quarter. Empowered Funds LLC now owns 16,980 shares of the company’s stock worth $689,000 after buying an additional 1,367 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of Exelon by 5.4% in the third quarter. Meeder Advisory Services Inc. now owns 22,370 shares of the company’s stock valued at $907,000 after buying an additional 1,153 shares in the last quarter. Caprock Group LLC lifted its position in shares of Exelon by 20.8% during the 3rd quarter. Caprock Group LLC now owns 39,459 shares of the company’s stock valued at $1,600,000 after acquiring an additional 6,789 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in shares of Exelon by 16.9% during the 3rd quarter. Prospera Financial Services Inc now owns 11,511 shares of the company’s stock worth $467,000 after acquiring an additional 1,661 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Colette D. Honorable sold 1,463 shares of the 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 owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Exelon Price Performance

Shares of Exelon stock opened at $44.44 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a market cap of $44.67 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The firm has a fifty day moving average price of $41.71 and a two-hundred day moving average price of $39.88. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20.

Exelon (NASDAQ:EXC) last released its earnings results 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 return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the prior year, the firm earned $0.60 EPS. Analysts expect that Exelon Co. will post 2.64 EPS 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 represents a $1.60 dividend on an annualized basis and a dividend yield of 3.60%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio is presently 65.31%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXC. Scotiabank lifted their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays lifted their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.13.

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.