Exelon Co. (NASDAQ:EXC) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,363 shares of the company’s stock after acquiring an additional 4,527 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Exelon were worth $1,595,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. one8zero8 LLC purchased a new stake in shares of Exelon in the 4th quarter valued at $762,000. Natixis Advisors LLC increased its stake in Exelon by 1.5% during the fourth quarter. Natixis Advisors LLC now owns 509,947 shares of the company’s stock worth $19,194,000 after purchasing an additional 7,493 shares during the period. Frank Rimerman Advisors LLC lifted its position in shares of Exelon by 20.9% during the fourth quarter. Frank Rimerman Advisors LLC now owns 13,622 shares of the company’s stock worth $513,000 after purchasing an additional 2,353 shares in the last quarter. Carret Asset Management LLC boosted its stake in shares of Exelon by 8.0% in the fourth quarter. Carret Asset Management LLC now owns 9,769 shares of the company’s stock valued at $368,000 after purchasing an additional 725 shares during the period. Finally, LBP AM SA acquired a new position in shares of Exelon in the fourth quarter valued at approximately $5,137,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Exelon Trading Down 1.8 %

EXC opened at $43.80 on Friday. 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 52 week low of $34.01 and a 52 week high of $45.20. The business’s 50 day moving average is $41.97 and its two-hundred day moving average is $39.95. The firm has a market cap of $44.03 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 last year, the firm earned $0.60 EPS. On average, research analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.65%. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Ratings Changes

Several equities analysts have commented on EXC shares. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays upped their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Scotiabank upped 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. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

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.