Lansing Street Advisors Buys Shares of 12,500 Exelon Co. (NASDAQ:EXC)

Lansing Street Advisors bought a new stake in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,500 shares of the company’s stock, valued at approximately $470,000.

Several other institutional investors and hedge funds have also modified their holdings of EXC. Foundations Investment Advisors LLC lifted its stake in shares of Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Exelon by 6.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 24,840 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,462 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Exelon by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 57,661 shares of the company’s stock valued at $2,338,000 after purchasing an additional 2,271 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Exelon by 4,103.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after purchasing an additional 1,021,731 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Exelon by 6.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 36,818 shares of the company’s stock valued at $1,493,000 after purchasing an additional 2,282 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays dropped their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Exelon Stock Performance

NASDAQ:EXC opened at $43.39 on Friday. The firm’s 50-day moving average is $39.41 and its 200-day moving average is $39.10. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $43.69. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of $43.62 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.60 EPS. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

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

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.