NEOS Investment Management LLC Buys 26,715 Shares of Exelon Co. (NASDAQ:EXC)

NEOS Investment Management LLC grew its stake in shares of Exelon Co. (NASDAQ:EXC) by 25.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 131,366 shares of the company’s stock after acquiring an additional 26,715 shares during the quarter. NEOS Investment Management LLC’s holdings in Exelon were worth $4,945,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EXC. Rosenberg Matthew Hamilton raised its holdings in 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 Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after acquiring an additional 296 shares during the last quarter. PFG Investments LLC lifted its position in Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after acquiring an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Exelon by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after purchasing an additional 311 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Exelon by 3.0% during the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock valued at $450,000 after purchasing an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays lifted their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and an average price target of $45.13.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value 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. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Exelon Price Performance

Shares of Exelon stock opened at $44.25 on Friday. The company has a market capitalization of $44.67 billion, a price-to-earnings ratio of 18.06, a PEG 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. The stock’s 50-day simple moving average is $42.40 and its 200-day simple moving average is $40.09. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping 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 in the prior year, the business posted $0.60 earnings per share. As a group, analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is currently 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.