Stonebridge Financial Group LLC Takes $40,000 Position in Exelon Co. (NASDAQ:EXC)

Stonebridge Financial Group LLC purchased a new position in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,062 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stephens Consulting LLC grew its position in shares of Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new position in Exelon in the 4th quarter valued at about $30,000. Ashton Thomas Securities LLC acquired a new stake in Exelon in the 3rd quarter worth about $32,000. Crews Bank & Trust purchased a new stake in Exelon during the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc raised its holdings in shares of Exelon by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after acquiring an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research analyst reports. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Scotiabank raised their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday. Morgan Stanley dropped their price objective 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. Finally, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Exelon Stock Performance

NASDAQ:EXC opened at $42.97 on Friday. The company’s 50-day moving average is $38.62 and its two-hundred day moving average is $38.84. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $43.45. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $43.18 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.74 and a beta of 0.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.47% and a net margin of 10.60%. During the same period last year, the business earned $0.60 earnings per share. Analysts forecast that Exelon Co. will post 2.46 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.72%. The ex-dividend date is Monday, February 24th. Exelon’s payout ratio is 62.55%.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction 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 completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.