Exelon Co. (NASDAQ:EXC) Stock Holdings Increased by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. grew its position in shares of Exelon Co. (NASDAQ:EXC) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,761 shares of the company’s stock after buying an additional 1,526 shares during the period. Summit Investment Advisors Inc.’s holdings in Exelon were worth $1,572,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXC. Czech National Bank raised its stake in Exelon by 7.0% during the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock worth $8,201,000 after acquiring an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Exelon by 20.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after purchasing an additional 279,827 shares during the last quarter. Greenup Street Wealth Management LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $2,274,000. Principal Financial Group Inc. lifted its holdings in shares of Exelon by 3.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after purchasing an additional 36,734 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company’s stock valued at $851,000 after purchasing an additional 2,160 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $46.74 on Wednesday. The stock’s 50 day moving average price is $44.04 and its 200 day moving average price is $40.68. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market cap of $47.19 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.86 and a beta of 0.39. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.42%. Exelon’s dividend payout ratio is currently 65.31%.

Insider Buying and Selling

In other news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EXC shares. Morgan Stanley increased their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Scotiabank lifted 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. Finally, UBS Group increased 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $45.63.

About Exelon

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.