Defined Financial Planning LLC Invests $226,000 in Exelon Co. (NASDAQ:EXC)

Defined Financial Planning LLC acquired a new stake in shares of Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,000 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Exelon in the fourth quarter valued at $479,597,000. FMR LLC lifted its holdings in shares of Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock worth $651,422,000 after acquiring an additional 5,524,103 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after acquiring an additional 3,068,309 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Exelon by 25.8% during the fourth quarter. Invesco Ltd. now owns 13,718,745 shares of the company’s stock worth $516,374,000 after purchasing an additional 2,817,174 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’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 completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Exelon Stock Performance

Shares of EXC stock opened at $46.00 on Monday. The business has a 50 day simple moving average of $43.81 and a 200 day simple moving average of $40.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market capitalization of $46.44 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 earnings per share. On average, equities research analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.48%. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Wall Street Analyst Weigh In

EXC has been the subject of a number of research analyst reports. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Scotiabank boosted their price objective 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.13.

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.