Tower Research Capital LLC TRC Has $3.83 Million Position in Exelon Co. (NASDAQ:EXC)

Tower Research Capital LLC TRC boosted its holdings in Exelon Co. (NASDAQ:EXC) by 73.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,625 shares of the company’s stock after buying an additional 43,024 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Exelon were worth $3,825,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Millstone Evans Group LLC acquired a new position in shares of Exelon during the fourth quarter worth $28,000. Stephens Consulting LLC raised its position in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in Exelon during the 4th quarter worth about $30,000. Crews Bank & Trust bought a new stake in shares of Exelon in the 4th quarter valued at about $34,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after buying an additional 513 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $40.57, for a total value 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 $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EXC has been the topic of several analyst reports. Morgan Stanley upped their target price on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays upped their price target 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 upped their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, UBS Group boosted their price target on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.63.

Exelon Stock Performance

EXC opened at $47.26 on Monday. The company has a market cap of $47.71 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.86 and a beta of 0.39. The company’s fifty day moving average price is $44.35 and its two-hundred day moving average price is $40.81. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. 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 released its quarterly earnings results 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 quarter in the prior year, the company posted $0.60 earnings per share. On average, analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon’s 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.