Exelon Co. (NASDAQ:EXC) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 85.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,063 shares of the company’s stock after buying an additional 88,614 shares during the period. Pacer Advisors Inc.’s holdings in Exelon were worth $6,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new position in Exelon during the 4th quarter valued at about $50,000. Raymond James & Associates increased its position in Exelon by 24.4% during the 4th quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock valued at $16,660,000 after buying an additional 91,088 shares in the last quarter. First Financial Corp IN increased its holdings in shares of Exelon by 73.8% in the fourth quarter. First Financial Corp IN now owns 1,625 shares of the company’s stock valued at $58,000 after purchasing an additional 690 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in shares of Exelon by 34.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 233,750 shares of the company’s stock valued at $8,392,000 after purchasing an additional 59,594 shares during the period. Finally, Premier Path Wealth Partners LLC acquired a new position in shares of Exelon in the fourth quarter valued at about $217,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 2.1 %

Shares of EXC opened at $37.31 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average is $35.57 and its two-hundred day moving average is $37.44. The firm has a market cap of $37.29 billion, a P/E ratio of 16.01, a PEG ratio of 2.67 and a beta of 0.53. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.71.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Analysts predict that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.07%. Exelon’s payout ratio is currently 65.24%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. Bank of America cut their price objective on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada dropped their target price on Exelon from $45.00 to $38.00 and set a “sector perform” rating on the stock in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.09.

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.