Ieq Capital LLC Purchases 615 Shares of Exelon Co. (NASDAQ:EXC)

Ieq Capital LLC lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,984 shares of the company’s stock after acquiring an additional 615 shares during the quarter. Ieq Capital LLC’s holdings in Exelon were worth $2,333,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC boosted its position in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new stake in shares of Exelon during the 4th quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new position in Exelon in the 3rd quarter worth approximately $32,000. Crews Bank & Trust purchased a new position in Exelon in the 4th quarter valued at approximately $34,000. Finally, Versant Capital Management Inc raised its holdings in 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. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of several recent research reports. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Morgan Stanley lowered 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. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.38.

Insider Transactions at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $43.39 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The company has a market cap of $43.62 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $43.69. The company has a 50-day moving average price of $39.41 and a 200-day moving average price of $39.11.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share 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 company posted $0.60 earnings per share. As a group, equities analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Monday, February 24th. Exelon’s payout ratio is presently 62.04%.

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.