Elo Mutual Pension Insurance Co Increases Position in Exelon Co. (NASDAQ:EXC)

Elo Mutual Pension Insurance Co increased its stake in shares of Exelon Co. (NASDAQ:EXC) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,585 shares of the company’s stock after buying an additional 4,146 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Exelon were worth $4,125,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EXC. Kingsview Wealth Management LLC increased its holdings in shares of Exelon by 1.7% in the third quarter. Kingsview Wealth Management LLC now owns 19,687 shares of the company’s stock valued at $798,000 after purchasing an additional 331 shares during the period. Pitcairn Co. purchased a new position in Exelon in the 3rd quarter valued at $229,000. Larson Financial Group LLC increased its stake in Exelon by 320.1% in the 3rd quarter. Larson Financial Group LLC now owns 3,676 shares of the company’s stock valued at $149,000 after buying an additional 2,801 shares during the period. Private Trust Co. NA raised its position in Exelon by 4.8% during the 3rd quarter. Private Trust Co. NA now owns 8,593 shares of the company’s stock worth $348,000 after buying an additional 390 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Exelon by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,135,980 shares of the company’s stock worth $46,064,000 after acquiring an additional 8,007 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EXC shares. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley raised their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. UBS Group upped their price objective on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Barclays increased 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Exelon Stock Performance

NASDAQ EXC opened at $44.25 on Friday. The business has a 50 day moving average price of $42.40 and a 200 day moving average price of $40.09. The company has a market capitalization of $44.67 billion, a P/E ratio of 18.06, 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 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, 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 period last year, the business earned $0.60 EPS. Sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.40 per share. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.62%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is presently 65.31%.

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.