Crowley Wealth Management Inc. Buys New Position in Exelon Co. (NASDAQ:EXC)

Crowley Wealth Management Inc. purchased a new position in Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,844 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors also recently modified their holdings of EXC. Millstone Evans Group LLC acquired a new position in shares of Exelon in the 4th quarter worth $28,000. Stephens Consulting LLC boosted its position in shares of Exelon by 78.1% in the 4th 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. acquired a new position in shares of Exelon in the 4th quarter valued at $30,000. Crews Bank & Trust acquired a new position in shares of Exelon in the 4th quarter valued at $34,000. Finally, Capital Advisors Ltd. LLC boosted its position in shares of Exelon by 119.6% in the 4th 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.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’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 in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays raised their target price 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 raised 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. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Scotiabank raised their target price 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Exelon has a consensus rating of “Moderate Buy” and a consensus price target of $45.13.

Exelon Price Performance

EXC opened at $43.80 on Monday. The stock has a market cap of $44.03 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.86 and a beta of 0.51. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.20. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a fifty day moving average price of $41.97 and a 200 day moving average price of $39.97.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted $0.60 earnings per share. Analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon’s payout ratio is presently 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.