iA Global Asset Management Inc. Boosts Holdings in Exelon Co. (NASDAQ:EXC)

iA Global Asset Management Inc. boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,306 shares of the company’s stock after acquiring an additional 6,317 shares during the period. iA Global Asset Management Inc.’s holdings in Exelon were worth $4,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EXC. Rosenberg Matthew Hamilton raised its holdings in shares of Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after buying an additional 275 shares during the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after buying an additional 296 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Exelon by 2.4% in the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock worth $495,000 after buying an additional 305 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Exelon by 1.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock worth $697,000 after buying an additional 311 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Exelon by 3.0% in the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock worth $450,000 after buying an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.3 %

EXC stock opened at $44.59 on Friday. The firm has a market cap of $44.82 billion, a PE ratio of 18.20, a P/E/G ratio of 2.86 and a beta of 0.51. 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’s fifty day moving average is $41.84 and its 200 day moving average is $39.91. Exelon Co. has a one year low of $34.01 and a one year high of $45.20.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS 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 firm earned $0.60 EPS. On average, research analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.59%. The ex-dividend date was Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research analyst reports. Barclays raised their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Morgan Stanley increased their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Scotiabank increased their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Exelon presently has an average rating of “Moderate Buy” and an average price target of $44.63.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the 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 transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.