Private Advisor Group LLC Has $2.43 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Private Advisor Group LLC raised its holdings in Exelon Co. (NASDAQ:EXC) by 12.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 64,561 shares of the company’s stock after acquiring an additional 6,900 shares during the quarter. Private Advisor Group LLC’s holdings in Exelon were worth $2,430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after acquiring an additional 3,068,309 shares during the period. State Street Corp lifted its position in shares of Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Nordea Investment Management AB boosted its stake in shares of Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after purchasing an additional 2,018,604 shares during the last quarter. FMR LLC increased its position in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after buying an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Exelon by 212.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock worth $71,647,000 after buying an additional 1,293,753 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon 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 completion of the transaction, the executive vice president now owns 2,271 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EXC. Barclays cut their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Evercore ISI raised shares of 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Moderate Buy” and an average target price of $43.38.

Exelon Trading Down 0.1 %

NASDAQ:EXC opened at $43.35 on Tuesday. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $44.01. The firm has a 50-day moving average price of $39.56 and a two-hundred day moving average price of $39.15. 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 firm has a market cap of $43.58 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results 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 net margin of 10.68% and a return on equity of 9.52%. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.69%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio is 65.31%.

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.