Lake Street Advisors Group LLC Purchases 1,331 Shares of Exelon Co. (NASDAQ:EXC)

Lake Street Advisors Group LLC increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,981 shares of the company’s stock after buying an additional 1,331 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Exelon were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Arkadios Wealth Advisors purchased a new position in Exelon during the third quarter valued at approximately $216,000. J.W. Cole Advisors Inc. lifted its stake in Exelon by 3.1% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,730 shares of the company’s stock valued at $435,000 after buying an additional 323 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Exelon by 46.9% during the third quarter. Nisa Investment Advisors LLC now owns 220,545 shares of the company’s stock worth $8,943,000 after purchasing an additional 70,412 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of Exelon during the third quarter worth $253,000. Finally, Fidelis Capital Partners LLC acquired a new stake in Exelon in the 3rd quarter valued at about $220,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.5 %

EXC opened at $43.84 on Friday. The stock has a market capitalization of $44.06 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. 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 one year low of $34.01 and a one year high of $44.32. The business’s 50-day simple moving average is $39.99 and its 200-day simple moving average is $39.27.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share 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 company earned $0.60 earnings per share. Analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm 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 is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.65%. Exelon’s payout ratio is currently 65.31%.

Insider Activity

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on EXC shares. 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. Scotiabank boosted their price target on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley decreased their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

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.