Carret Asset Management LLC Has $368,000 Holdings in Exelon Co. (NASDAQ:EXC)

Carret Asset Management LLC increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,769 shares of the company’s stock after buying an additional 725 shares during the quarter. Carret Asset Management LLC’s holdings in Exelon were worth $368,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in EXC. Assetmark Inc. raised its stake in Exelon by 41.2% during the 3rd quarter. Assetmark Inc. now owns 39,611 shares of the company’s stock worth $1,606,000 after buying an additional 11,565 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Exelon during the 3rd quarter worth $32,000. Apollon Wealth Management LLC raised its stake in Exelon by 25.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 11,448 shares of the company’s stock worth $464,000 after buying an additional 2,356 shares during the period. GSA Capital Partners LLP raised its stake in Exelon by 209.5% during the 3rd quarter. GSA Capital Partners LLP now owns 25,607 shares of the company’s stock worth $1,038,000 after buying an additional 17,334 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in Exelon during the 3rd quarter worth $494,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was 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 owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.19 on Friday. The stock has a market capitalization of $44.42 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.86 and a beta of 0.51. The business has a 50-day moving average of $41.32 and a 200-day moving average of $39.73. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.60 earnings per share. As a group, sell-side analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.62%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

Several brokerages recently commented on EXC. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Barclays lifted their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Scotiabank lifted their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research note 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 company’s stock. Based on data from MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

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.