Algert Global LLC Invests $489,000 in Exelon Co. (NASDAQ:EXC)

Algert Global LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 13,003 shares of the company’s stock, valued at approximately $489,000.

Several other institutional investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton grew its holdings in shares of 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 purchasing an additional 275 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Exelon by 3.1% during the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after purchasing an additional 296 shares in the last quarter. PFG Investments LLC grew its holdings in shares of 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 purchasing an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Exelon by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock worth $697,000 after purchasing an additional 311 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Exelon by 3.0% during the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock worth $450,000 after purchasing an additional 322 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXC. Morgan Stanley lifted their price objective on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Guggenheim raised their target price on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research report on Friday, May 2nd. Scotiabank raised their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $48.22.

Exelon Trading Up 0.2%

Shares of EXC opened at $45.21 on Monday. The stock has a fifty day moving average price of $45.23 and a two-hundred day moving average price of $41.45. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a market cap of $45.64 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.54%. Exelon’s payout ratio is currently 59.48%.

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.