Huntington National Bank Increases Holdings in Exelon Co. (NASDAQ:EXC)

Huntington National Bank boosted its position in Exelon Co. (NASDAQ:EXC) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,766 shares of the company’s stock after buying an additional 1,337 shares during the period. Huntington National Bank’s holdings in Exelon were worth $2,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Czech National Bank lifted its holdings in shares of Exelon by 7.0% in the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after buying an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Exelon by 20.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after acquiring an additional 279,827 shares during the period. State Street Corp boosted its position in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. Greenup Street Wealth Management LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $2,274,000. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of Exelon by 110.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 59,755 shares of the company’s stock valued at $2,423,000 after purchasing an additional 31,415 shares in the last quarter. Institutional investors and hedge funds 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 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 completion of the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EXC shares. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Morgan Stanley increased their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group increased their price target on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, Scotiabank boosted their price objective on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report 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 stock. Based on data from MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and an average target price of $45.13.

Exelon Trading Up 2.7 %

Shares of Exelon stock opened at $47.23 on Friday. 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 stock’s 50 day simple moving average is $43.05 and its 200-day simple moving average is $40.32. The stock has a market cap of $47.68 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $47.60.

Exelon (NASDAQ:EXC) last released its quarterly earnings data 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 return on equity of 9.52% and a net margin of 10.68%. During the same quarter last year, the company earned $0.60 EPS. Analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.40 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.39%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is currently 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.