Finward Bancorp Invests $363,000 in Exelon Co. (NASDAQ:EXC)

Finward Bancorp acquired a new stake in Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,651 shares of the company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EXC. XTX Topco Ltd acquired a new stake in shares of Exelon during the third quarter worth about $204,000. Orion Portfolio Solutions LLC lifted its stake in Exelon by 13.0% in the third quarter. Orion Portfolio Solutions LLC now owns 9,118 shares of the company’s stock worth $370,000 after acquiring an additional 1,051 shares during the last quarter. Te Ahumairangi Investment Management Ltd grew its holdings in Exelon by 3.1% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 85,600 shares of the company’s stock worth $3,451,000 after acquiring an additional 2,600 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Exelon by 24.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 40,438 shares of the company’s stock valued at $1,565,000 after purchasing an additional 7,894 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Exelon in the 3rd quarter valued at $376,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred on 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 approximately $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 accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Scotiabank upped their price target 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 shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.63.

Exelon Stock Down 0.3 %

Shares of NASDAQ:EXC opened at $46.74 on Wednesday. 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 stock has a market cap of $47.19 billion, a P/E ratio of 19.08, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The firm has a fifty day moving average price of $44.04 and a 200 day moving average price of $40.68.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 last year, the company earned $0.60 EPS. Sell-side analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.42%. 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 (DPR) is 65.31%.

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.