CoreFirst Bank & Trust Purchases New Holdings in Exelon Co. (NASDAQ:EXC)

CoreFirst Bank & Trust acquired a new position in Exelon Co. (NASDAQ:EXC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,072 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. Millstone Evans Group LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $28,000. Stephens Consulting LLC grew its holdings 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 acquiring an additional 343 shares during the period. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon during 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 worth $35,000 after purchasing an additional 513 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 1.9 %

Shares of Exelon stock opened at $42.76 on Wednesday. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $45.20. 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 business’s 50 day simple moving average is $42.19 and its 200 day simple moving average is $40.03. The firm has a market cap of $43.17 billion, a PE ratio of 17.45, a P/E/G ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 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 last year, the firm earned $0.60 EPS. On average, analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.74%. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio is currently 65.31%.

Insider Activity

In other 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 sale, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group upped their price objective on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Morgan Stanley lifted their price objective on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Finally, Barclays increased their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon presently has an average rating of “Moderate Buy” and a consensus target price of $45.13.

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.