Corebridge Financial Inc. Has $15.51 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Corebridge Financial Inc. lifted its position in Exelon Co. (NASDAQ:EXC) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411,939 shares of the company’s stock after buying an additional 20,354 shares during the quarter. Corebridge Financial Inc.’s holdings in Exelon were worth $15,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after acquiring an additional 275 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after purchasing an additional 296 shares during the period. PFG Investments LLC increased its stake in shares of Exelon by 2.4% in the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock worth $495,000 after purchasing an additional 305 shares during the period. 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 period. 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 period. 80.92% of the stock is owned by institutional investors.

Exelon Stock Down 0.5 %

Shares of EXC opened at $43.58 on Tuesday. 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 company has a 50-day moving average price of $42.09 and a two-hundred day moving average price of $40.00. The stock has a market cap of $44.00 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, February 12th. The company reported $0.64 EPS 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 quarter in the prior year, the firm posted $0.60 earnings per share. Equities analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is 65.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EXC shares. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Barclays increased their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Scotiabank boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five equities research 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, Exelon has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the 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 directly owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

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.