Exelon Co. (NASDAQ:EXC) Shares Purchased by Callan Capital LLC

Callan Capital LLC raised its position in Exelon Co. (NASDAQ:EXC) by 110.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,099 shares of the company’s stock after acquiring an additional 6,349 shares during the quarter. Callan Capital LLC’s holdings in Exelon were worth $455,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC lifted its stake in Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after acquiring an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Exelon by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after acquiring an additional 275 shares during the last quarter. Ballentine Partners LLC lifted its stake in Exelon by 2.1% in the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after acquiring an additional 285 shares during the last quarter. Finally, Wesbanco Bank Inc. lifted its stake in Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after acquiring an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.5 %

Shares of NASDAQ:EXC opened at $43.39 on Friday. The firm has a 50 day simple moving average of $39.41 and a 200-day simple moving average of $39.10. The company has a market capitalization of $43.62 billion, a PE ratio of 17.71, a P/E/G ratio of 2.86 and a beta of 0.56. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $43.69. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC) last announced its earnings results 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 in the previous year, the business posted $0.60 EPS. On average, equities analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.69%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s payout ratio is presently 62.04%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays decreased their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Scotiabank lifted 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, February 13th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley reduced 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 report on Friday, November 22nd. Finally, Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of “Moderate Buy” and an average target price of $43.38.

Insider Activity

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’s 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.