Metis Global Partners LLC Has $3.39 Million Holdings in Exelon Co. (NASDAQ:EXC)

Metis Global Partners LLC increased its position in shares of Exelon Co. (NASDAQ:EXC) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,989 shares of the company’s stock after acquiring an additional 4,589 shares during the quarter. Metis Global Partners LLC’s holdings in Exelon were worth $3,387,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EXC. Pallas Capital Advisors LLC purchased a new position in Exelon during the third quarter valued at approximately $253,000. Pinnacle Associates Ltd. grew its position in Exelon by 27.4% during the third quarter. Pinnacle Associates Ltd. now owns 15,115 shares of the company’s stock valued at $613,000 after purchasing an additional 3,255 shares in the last quarter. US Bancorp DE grew its position in Exelon by 1.5% during the third quarter. US Bancorp DE now owns 170,355 shares of the company’s stock valued at $6,908,000 after purchasing an additional 2,505 shares in the last quarter. Addis & Hill Inc purchased a new position in Exelon during the third quarter valued at approximately $401,000. Finally, Affinity Investment Advisors LLC grew its position in Exelon by 1.8% during the third quarter. Affinity Investment Advisors LLC now owns 19,594 shares of the company’s stock valued at $795,000 after purchasing an additional 345 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EXC shares. Scotiabank boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Barclays boosted their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley decreased their target price 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Exelon has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $44.20 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The company has a fifty day simple moving average of $40.13 and a 200 day simple moving average of $39.33. The company has a market cap of $44.43 billion, a P/E ratio of 18.04, a P/E/G ratio of 2.86 and a beta of 0.56. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $44.46.

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 company posted $0.60 earnings per share. On average, sell-side analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a dividend of $0.40 per share. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio is presently 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.