TCW Group Inc. Purchases 357 Shares of Exelon Co. (NASDAQ:EXC)

TCW Group Inc. boosted its position in Exelon Co. (NASDAQ:EXC) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,976 shares of the company’s stock after acquiring an additional 357 shares during the period. TCW Group Inc.’s holdings in Exelon were worth $526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stephens Consulting LLC boosted its holdings in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after acquiring an additional 343 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon in the third quarter valued at approximately $32,000. Brown Lisle Cummings Inc. bought a new position in shares of Exelon in the fourth quarter valued at approximately $30,000. Crews Bank & Trust bought a new position in shares of Exelon in the fourth quarter valued at approximately $34,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Scotiabank raised their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and an average target price of $43.38.

Insiders Place Their Bets

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 value of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Exelon Stock Performance

Shares of Exelon stock opened at $43.35 on Tuesday. The business’s fifty day simple moving average is $39.56 and its 200 day simple moving average is $39.15. The firm has a market capitalization of $43.58 billion, a P/E ratio of 17.69, 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 $44.01. 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 (NASDAQ:EXC) last released its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) 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 in the prior year, the company earned $0.60 earnings per share. As a group, 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 will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a $0.40 dividend. 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 of this dividend is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is currently 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.