Congress Wealth Management LLC DE Invests $250,000 in Exelon Co. (NASDAQ:EXC)

Congress Wealth Management LLC DE acquired a new stake in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,648 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors also recently bought and sold shares of the company. 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 stake 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% during the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock worth $495,000 after acquiring an additional 305 shares during the period. Stratos Wealth Partners LTD. grew 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. increased 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 valued at $450,000 after purchasing an additional 322 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’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 completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EXC. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. 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. UBS Group upped their price target on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon Price Performance

NASDAQ:EXC opened at $44.71 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $45.20. The stock’s 50-day moving average price is $42.51 and its 200-day moving average price is $40.14. The stock has a market capitalization of $45.14 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data 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 return on equity of 9.52% and a net margin of 10.68%. During the same period last year, the company earned $0.60 EPS. As a group, equities analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.58%. 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 (DPR) 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.