Schroder Investment Management Group Has $59.33 Million Position in Exelon Co. (NASDAQ:EXC)

Schroder Investment Management Group increased its holdings in Exelon Co. (NASDAQ:EXC) by 86.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,576,632 shares of the company’s stock after purchasing an additional 732,355 shares during the period. Schroder Investment Management Group owned approximately 0.16% of Exelon worth $59,329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in Exelon by 3.1% during the third quarter. D.A. Davidson & CO. now owns 25,851 shares of the company’s stock worth $1,048,000 after buying an additional 785 shares during the last quarter. Townsquare Capital LLC grew its position in Exelon by 24.1% during the 3rd quarter. Townsquare Capital LLC now owns 16,517 shares of the company’s stock worth $670,000 after acquiring an additional 3,208 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Exelon during the 3rd quarter valued at $268,000. Captrust Financial Advisors raised its position in Exelon by 4.2% in the 3rd quarter. Captrust Financial Advisors now owns 46,081 shares of the company’s stock valued at $1,869,000 after purchasing an additional 1,868 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Exelon in the third quarter worth $1,328,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Scotiabank boosted their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. UBS Group lifted their target price on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley lifted their price objective on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Exelon Price Performance

Exelon stock opened at $46.08 on Tuesday. 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 firm has a market capitalization of $46.52 billion, a P/E ratio of 18.81, a PEG ratio of 2.86 and a beta of 0.51. The business has a 50-day moving average of $42.64 and a 200-day moving average of $40.19. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $46.22.

Exelon (NASDAQ:EXC) last posted its earnings results 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 quarter last year, the firm earned $0.60 EPS. On average, equities analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is 65.31%.

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.