Sowell Financial Services LLC Purchases 2,006 Shares of Exelon Co. (NASDAQ:EXC)

Sowell Financial Services LLC lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 10.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,974 shares of the company’s stock after acquiring an additional 2,006 shares during the quarter. Sowell Financial Services LLC’s holdings in Exelon were worth $789,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EXC. State Street Corp grew its stake in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Geode Capital Management LLC grew its position in Exelon by 1.6% during the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock worth $1,048,823,000 after buying an additional 403,542 shares in the last quarter. FMR LLC increased its stake in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after acquiring an additional 1,858,502 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Exelon by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock valued at $363,626,000 after acquiring an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Exelon by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,729,004 shares of the company’s stock worth $253,280,000 after buying an additional 282,596 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXC. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Scotiabank increased their price target 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. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Insider Activity

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $43.76 on Tuesday. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.19. The stock has a market capitalization of $43.99 billion, a P/E ratio of 17.86, a P/E/G ratio of 2.86 and a beta of 0.51. The company’s 50-day moving average is $40.86 and its 200 day moving average is $39.60. 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 (NASDAQ:EXC) last posted its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.60 EPS. On average, sell-side analysts expect that Exelon Co. will post 2.64 earnings per share for the current 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 given a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.66%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is currently 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.