Harvest Fund Management Co. Ltd Boosts Stock Position in Exelon Co. (NASDAQ:EXC)

Harvest Fund Management Co. Ltd lifted its position in Exelon Co. (NASDAQ:EXC) by 28.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,137 shares of the company’s stock after buying an additional 13,051 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Exelon were worth $2,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC grew its stake in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in Exelon during the 4th quarter worth $30,000. Crews Bank & Trust acquired a new position in Exelon during the 4th quarter worth $34,000. Capital Advisors Ltd. LLC grew its stake in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Exelon during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.0 %

Shares of NASDAQ EXC opened at $44.44 on Thursday. The stock has a market cap of $44.67 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $45.20. The business has a 50-day moving average price of $41.71 and a 200 day moving average price of $39.88.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm posted $0.60 earnings per share. Equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date was 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 3.60%. Exelon’s dividend payout ratio is 65.31%.

Analyst Ratings Changes

EXC has been the subject of several analyst reports. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Scotiabank upped their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Exelon presently has an average rating of “Moderate Buy” and an average price target of $44.13.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’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 transaction of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

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.