Rosenberg Matthew Hamilton Buys 275 Shares of Exelon Co. (NASDAQ:EXC)

Rosenberg Matthew Hamilton grew its stake in shares of Exelon Co. (NASDAQ:EXC) by 12.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,457 shares of the company’s stock after acquiring an additional 275 shares during the period. Rosenberg Matthew Hamilton’s holdings in Exelon were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of EXC. American National Bank & Trust grew its stake in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Exelon in the 3rd quarter valued at $32,000. Versant Capital Management Inc grew its position in shares of Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Exelon in the second quarter worth $41,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Exelon in the second quarter worth $57,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 1.0 %

Shares of EXC opened at $37.92 on Wednesday. The firm has a market cap of $38.10 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.63 and a beta of 0.55. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The stock has a 50 day simple moving average of $37.96 and a two-hundred day simple moving average of $38.15. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 EPS. On average, analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.01%. Exelon’s dividend payout ratio is currently 62.55%.

Analyst Ratings Changes

EXC has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. UBS Group boosted their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley decreased their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus target price of $42.38.

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.