TCW Group Inc. Has $526,000 Position in Exelon Co. (NASDAQ:EXC)

TCW Group Inc. increased its position in shares of Exelon Co. (NASDAQ:EXC) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,976 shares of the company’s stock after purchasing an additional 357 shares during the period. TCW Group Inc.’s holdings in Exelon were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EXC. Stephens Consulting LLC lifted its holdings in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in Exelon in the 4th quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in shares of Exelon during the 3rd quarter valued at $32,000. Crews Bank & Trust bought a new stake in shares of Exelon during the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc lifted 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 acquiring an additional 379 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s 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 completion of the sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank upped their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays cut their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

Exelon Price Performance

Shares of EXC stock opened at $43.35 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. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $44.01. The company has a market cap of $43.58 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.86 and a beta of 0.56. The business has a fifty day simple moving average of $39.56 and a 200 day simple moving average of $39.15.

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

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a $0.40 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. Exelon’s dividend payout ratio is presently 65.31%.

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.