Headlands Technologies LLC Makes New $4.32 Million Investment in Exelon Co. (NASDAQ:EXC)

Headlands Technologies LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 114,754 shares of the company’s stock, valued at approximately $4,319,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Exelon by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company’s stock worth $988,080,000 after acquiring an additional 368,505 shares during the period. StoneX Group Inc. increased its holdings in shares of Exelon by 14.4% in the fourth quarter. StoneX Group Inc. now owns 36,753 shares of the company’s stock worth $1,383,000 after purchasing an additional 4,613 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in shares of Exelon by 37.7% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 126,238 shares of the company’s stock worth $4,752,000 after buying an additional 34,585 shares in the last quarter. AIA Group Ltd boosted its stake in Exelon by 710.5% during the fourth quarter. AIA Group Ltd now owns 68,983 shares of the company’s stock valued at $2,597,000 after buying an additional 60,472 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in Exelon by 37.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 70,051 shares of the company’s stock worth $2,637,000 after buying an additional 19,094 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’s 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 transaction, the executive vice president now owns 2,271 shares in the company, valued at $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 is available at this link. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group raised their price target on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays increased their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Scotiabank lifted their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $46.08 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock has a market cap of $46.52 billion, a PE ratio of 18.81, a PEG ratio of 2.86 and a beta of 0.51. The company’s fifty day moving average is $42.64 and its 200 day moving average is $40.19. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $46.22.

Exelon (NASDAQ:EXC) last released its quarterly earnings data 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 return on equity of 9.52% and a net margin of 10.68%. During the same period in the prior year, the company earned $0.60 EPS. Research analysts anticipate 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 was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.40 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.47%. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

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.