Frank Rimerman Advisors LLC Grows Stake in Exelon Co. (NASDAQ:EXC)

Frank Rimerman Advisors LLC lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 20.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,622 shares of the company’s stock after purchasing an additional 2,353 shares during the period. Frank Rimerman Advisors LLC’s holdings in Exelon were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Apollon Wealth Management LLC boosted its position in Exelon by 25.9% during the third quarter. Apollon Wealth Management LLC now owns 11,448 shares of the company’s stock worth $464,000 after acquiring an additional 2,356 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Exelon by 7.1% during the third quarter. Oppenheimer & Co. Inc. now owns 33,393 shares of the company’s stock worth $1,354,000 after acquiring an additional 2,208 shares during the last quarter. KBC Group NV boosted its position in Exelon by 65.5% during the third quarter. KBC Group NV now owns 148,055 shares of the company’s stock worth $6,004,000 after acquiring an additional 58,620 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in Exelon by 10.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock worth $282,000 after acquiring an additional 638 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Exelon by 5.8% during the third quarter. CIBC Asset Management Inc now owns 310,238 shares of the company’s stock worth $12,580,000 after acquiring an additional 17,135 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXC shares. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Barclays boosted their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley decreased their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Five equities 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.13.

Exelon Stock Performance

Shares of EXC stock opened at $44.19 on Monday. The firm’s 50 day moving average price is $41.32 and its 200-day moving average price is $39.75. 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 $45.20. The firm has a market cap of $44.42 billion, a P/E ratio of 18.04, a P/E/G ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping 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 period last year, the company posted $0.60 EPS. As a group, equities research analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.62%. The ex-dividend date was Monday, February 24th. Exelon’s dividend payout ratio is presently 65.31%.

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.