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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Foundations Investment Advisors LLC lifted its holdings in Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after acquiring an additional 255 shares during the period. Private Advisor Group LLC lifted its stake in shares of Exelon by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 57,661 shares of the company’s stock worth $2,338,000 after purchasing an additional 2,271 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after buying an additional 1,021,731 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Exelon by 6.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 36,818 shares of the company’s stock valued at $1,493,000 after buying an additional 2,282 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after buying an additional 285 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction 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 completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

EXC has been the topic of several analyst reports. Barclays dropped their price target on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Morgan Stanley decreased their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.38.

Exelon Trading Up 0.5 %

EXC stock opened at $43.39 on Monday. The firm has a market cap of $43.62 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The firm has a fifty day moving average price of $39.41 and a 200 day moving average price of $39.11. 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 fifty-two week low of $34.01 and a fifty-two week high of $43.69.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm earned $0.60 EPS. Sell-side analysts anticipate 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 $0.40 dividend. 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 an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) 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.