750 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC bought a new stake in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 750 shares of the company’s stock, valued at approximately $28,000.

Several other institutional investors also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after purchasing an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Exelon by 20.8% in 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 acquiring an additional 279,827 shares in the last quarter. HITE Hedge Asset Management LLC lifted its stake in Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after acquiring an additional 321,333 shares during the last quarter. State Street Corp grew its holdings in Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares in the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new stake in shares of Exelon in the 4th quarter valued at approximately $2,274,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Exelon Stock Performance

Shares of Exelon stock opened at $43.58 on Tuesday. The firm’s fifty day simple moving average is $42.09 and its 200-day simple moving average is $40.00. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.20. The stock has a market capitalization of $44.00 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.86 and a beta of 0.51. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period last year, the firm earned $0.60 EPS. As a group, equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.67%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

EXC has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Morgan Stanley increased their price target on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, 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 research report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.13.

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.