Modern Wealth Management LLC Increases Stock Position in Exelon Co. (NASDAQ:EXC)

Modern Wealth Management LLC boosted its holdings in Exelon Co. (NASDAQ:EXC) by 48.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,591 shares of the company’s stock after acquiring an additional 5,070 shares during the quarter. Modern Wealth Management LLC’s holdings in Exelon were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Rosenberg Matthew Hamilton lifted its holdings in shares of Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock worth $92,000 after buying an additional 275 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock worth $375,000 after purchasing an additional 296 shares in the last quarter. PFG Investments LLC boosted its holdings in Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after purchasing an additional 305 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of Exelon by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after purchasing an additional 311 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Exelon by 3.0% in the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock worth $450,000 after purchasing an additional 322 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of Exelon stock opened at $44.02 on Thursday. 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 52-week low of $34.01 and a 52-week high of $45.20. The company has a fifty day moving average of $42.31 and a 200-day moving average of $40.06. The stock has a market capitalization of $44.44 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter last year, the business earned $0.60 earnings per share. Equities research analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a $0.40 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Monday, February 24th. Exelon’s payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays lifted their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Scotiabank increased their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, UBS Group lifted their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Four 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, the company currently has an average rating of “Moderate Buy” and an average price target of $45.13.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on 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 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 at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Exelon Company 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.