Russell Investments Group Ltd. Acquires 930 Shares of Exelon Co. (NASDAQ:EXC)

Russell Investments Group Ltd. boosted its stake in Exelon Co. (NASDAQ:EXC) by 0.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,072,627 shares of the company’s stock after acquiring an additional 930 shares during the period. Russell Investments Group Ltd. owned 0.31% of Exelon worth $115,653,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in Exelon by 4.2% in the third quarter. Captrust Financial Advisors now owns 46,081 shares of the company’s stock worth $1,869,000 after buying an additional 1,868 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Exelon by 18.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 17,581 shares of the company’s stock worth $714,000 after acquiring an additional 2,741 shares during the period. HighTower Advisors LLC raised its position in shares of Exelon by 2.9% in the 3rd quarter. HighTower Advisors LLC now owns 253,792 shares of the company’s stock worth $10,276,000 after acquiring an additional 7,213 shares in the last quarter. IHT Wealth Management LLC lifted its stake in shares of Exelon by 2.2% in the 3rd quarter. IHT Wealth Management LLC now owns 20,117 shares of the company’s stock valued at $816,000 after purchasing an additional 440 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Exelon by 51.2% during the third quarter. Quantinno Capital Management LP now owns 75,759 shares of the company’s stock valued at $3,072,000 after purchasing an additional 25,656 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Down 4.0 %

Exelon stock opened at $45.35 on Friday. The firm has a market cap of $45.78 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.86 and a beta of 0.39. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The stock has a fifty day simple moving average of $43.17 and a two-hundred day simple moving average of $40.35.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the business posted $0.60 earnings per share. Equities analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.40 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.53%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EXC. UBS Group increased their price objective on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Scotiabank lifted their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley upped their price target on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Moderate Buy” and an average price target of $45.13.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction dated 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 directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Exelon 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.