Lake Street Advisors Group LLC Grows Stake in Exelon Co. (NASDAQ:EXC)

Lake Street Advisors Group LLC boosted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,981 shares of the company’s stock after purchasing an additional 1,331 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Exelon were worth $376,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EXC. JPMorgan Chase & Co. raised its position in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after buying an additional 3,068,309 shares during the last quarter. State Street Corp grew its stake in Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after acquiring an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB increased its holdings in Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after acquiring an additional 2,018,604 shares during the last quarter. FMR LLC lifted its stake in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Exelon by 212.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after purchasing an additional 1,293,753 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXC has been the topic of several research reports. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. 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 has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Exelon Stock Down 0.5 %

NASDAQ EXC opened at $43.84 on Friday. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $44.32. The firm has a market capitalization of $44.06 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.86 and a beta of 0.56. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The company has a fifty day moving average of $39.99 and a two-hundred day moving average of $39.27.

Exelon (NASDAQ:EXC) last issued its quarterly 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 net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the prior year, the business posted $0.60 EPS. On average, analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.65%. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. 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.