HBK Sorce Advisory LLC Has $872,000 Position in Exelon Co. (NASDAQ:EXC)

HBK Sorce Advisory LLC raised its position in Exelon Co. (NASDAQ:EXC) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,171 shares of the company’s stock after purchasing an additional 1,040 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Exelon were worth $872,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EXC. Assetmark Inc. increased its holdings in Exelon by 41.2% in the third quarter. Assetmark Inc. now owns 39,611 shares of the company’s stock valued at $1,606,000 after purchasing an additional 11,565 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Exelon in the 3rd quarter valued at about $32,000. Apollon Wealth Management LLC increased its stake in shares of Exelon by 25.9% in the third quarter. Apollon Wealth Management LLC now owns 11,448 shares of the company’s stock valued at $464,000 after buying an additional 2,356 shares during the period. GSA Capital Partners LLP raised its position in shares of Exelon by 209.5% during the third quarter. GSA Capital Partners LLP now owns 25,607 shares of the company’s stock worth $1,038,000 after acquiring an additional 17,334 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Exelon by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,385,715 shares of the company’s stock worth $96,741,000 after acquiring an additional 39,726 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Up 2.0 %

NASDAQ:EXC opened at $43.47 on Friday. The firm has a fifty day simple moving average of $41.19 and a two-hundred day simple moving average of $39.68. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $45.19. The stock has a market capitalization of $43.70 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 2.86 and a beta of 0.51. 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 issued its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.60 earnings per share. Analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.68%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon’s dividend payout ratio is presently 65.31%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EXC shares. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays lifted their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Scotiabank upped 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. Finally, Morgan Stanley decreased their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.

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.