J.Safra Asset Management Corp Increases Stock Holdings in Exelon Co. (NASDAQ:EXC)

J.Safra Asset Management Corp lifted its holdings in Exelon Co. (NASDAQ:EXC) by 99.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,602 shares of the company’s stock after buying an additional 800 shares during the quarter. J.Safra Asset Management Corp’s holdings in Exelon were worth $60,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Harbor Capital Advisors Inc. raised its holdings in shares of Exelon by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Exelon by 12.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after acquiring an additional 275 shares during the period. Wesbanco Bank Inc. grew its position in Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after acquiring an additional 296 shares during the period. PFG Investments LLC grew its position in Exelon by 2.4% during the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after acquiring an additional 305 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in Exelon by 1.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after acquiring an additional 311 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Down 0.7 %

NASDAQ:EXC opened at $43.36 on Thursday. 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 one year low of $34.01 and a one year high of $45.19. The business’s 50-day simple moving average is $40.52 and its 200 day simple moving average is $39.47. The stock has a market cap of $43.59 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last released its quarterly 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 period in the previous year, the business earned $0.60 EPS. As a group, sell-side analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

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

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research reports. Morgan Stanley lowered their price target 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. Barclays boosted their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.13.

Insider Buying and Selling at Exelon

In other 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 approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by insiders.

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.