New York Life Investment Management LLC Buys 1,495 Shares of Exelon Co. (NASDAQ:EXC)

New York Life Investment Management LLC boosted its stake in shares of Exelon Co. (NASDAQ:EXC) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 155,638 shares of the company’s stock after purchasing an additional 1,495 shares during the period. New York Life Investment Management LLC’s holdings in Exelon were worth $5,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC lifted its position in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. bought a new position in Exelon during the fourth quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in Exelon during the third quarter valued at approximately $32,000. Crews Bank & Trust bought a new position in Exelon during the fourth quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC lifted its position in Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the period. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EXC shares. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank increased their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Morgan Stanley decreased their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays increased their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.13.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’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 of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $44.20 on Friday. The firm has a fifty day moving average price of $40.13 and a 200-day moving average price of $39.32. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market cap of $44.43 billion, a PE ratio of 18.04, a price-to-earnings-growth 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 announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.60 earnings per share. Equities analysts anticipate 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. Stockholders of record on Monday, February 24th will be paid a $0.40 dividend. The ex-dividend date is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. Exelon’s dividend payout ratio is 65.31%.

Exelon 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.