Exelon Co. (NASDAQ:EXC) Stock Position Lifted by Greenleaf Trust

Greenleaf Trust grew its position in Exelon Co. (NASDAQ:EXC) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,986 shares of the company’s stock after acquiring an additional 2,142 shares during the quarter. Greenleaf Trust’s holdings in Exelon were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EXC. Antonetti Capital Management LLC raised its holdings in shares of Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the period. Addison Advisors LLC raised its stake in Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after acquiring an additional 276 shares during the period. Fortis Group Advisors LLC bought a new position in Exelon in the third quarter worth about $31,000. Bruce G. Allen Investments LLC acquired a new position in Exelon in the fourth quarter valued at approximately $34,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Exelon by 263.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock valued at $36,000 after purchasing an additional 612 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Up 2.4 %

Exelon stock opened at $37.55 on Monday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.71. The stock has a market capitalization of $37.53 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The firm has a 50 day simple moving average of $36.43 and a 200-day simple moving average of $37.10. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period last year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities research analysts expect that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.05%. Exelon’s payout ratio is 65.24%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays raised their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. TheStreet downgraded shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Bank of America dropped their price objective on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. Wells Fargo & Company reduced their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Finally, Seaport Res Ptn lowered shares of Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.09.

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.