Cable Hill Partners LLC Makes New Investment in Exelon Co. (NASDAQ:EXC)

Cable Hill Partners LLC purchased a new position in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,228 shares of the company’s stock, valued at approximately $347,000.

Several other large investors also recently modified their holdings of EXC. Stephens Consulting LLC grew its holdings in shares of Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Exelon during the fourth quarter worth about $30,000. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the third quarter worth about $32,000. Crews Bank & Trust bought a new position in shares of Exelon during the fourth quarter worth about $34,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after buying an additional 513 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the subject of a number of research reports. Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays increased their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Exelon Stock Performance

EXC opened at $44.06 on Thursday. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $44.26. The stock has a market cap of $44.29 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.86 and a beta of 0.56. The business has a 50 day moving average of $39.86 and a 200-day moving average of $39.23. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC) last released 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 period in the previous year, the business earned $0.60 earnings per share. On average, equities research analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.63%. This is a boost 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 (DPR) is presently 65.31%.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred 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 of the company’s stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.