Lansing Street Advisors Purchases Shares of 12,500 Exelon Co. (NASDAQ:EXC)

Lansing Street Advisors purchased a new stake in Exelon Co. (NASDAQ:EXC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 12,500 shares of the company’s stock, valued at approximately $470,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. JPMorgan Chase & Co. boosted its position in Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after buying an additional 3,068,309 shares in the last quarter. State Street Corp boosted its position in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB boosted its position in Exelon by 418.1% in the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after buying an additional 2,018,604 shares in the last quarter. FMR LLC boosted its position in Exelon by 18.7% in the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after buying an additional 1,858,502 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Exelon by 212.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after buying an additional 1,293,753 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exelon

In other Exelon 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 value of $59,353.91. Following the completion of the sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Exelon Trading Up 0.5 %

Shares of NASDAQ EXC opened at $43.39 on Friday. The company’s 50 day simple moving average is $39.41 and its 200 day simple moving average is $39.10. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $43.69. The firm has a market capitalization of $43.62 billion, a P/E ratio of 17.71, a P/E/G ratio of 2.86 and a beta of 0.56. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating 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 earned $0.60 EPS. On average, analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio is currently 62.04%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXC. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Scotiabank upped their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reduced their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Barclays reduced their target price on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $43.38.

Exelon 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.