Concurrent Investment Advisors LLC Boosts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Concurrent Investment Advisors LLC grew its position in shares of Exelon Co. (NASDAQ:EXC) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,743 shares of the company’s stock after buying an additional 1,463 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Exelon were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Stephens Consulting LLC boosted its holdings in Exelon by 78.1% in the fourth 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. purchased a new stake in Exelon in the fourth quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in Exelon in the third quarter worth approximately $32,000. Crews Bank & Trust purchased a new stake in Exelon in the fourth quarter worth approximately $34,000. Finally, Versant Capital Management Inc boosted its holdings in Exelon by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.1 %

Shares of EXC stock opened at $43.35 on Tuesday. The company has a market capitalization of $43.58 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.86 and a beta of 0.56. Exelon Co. has a one year low of $34.01 and a one year high of $44.01. The company’s fifty day moving average price is $39.56 and its 200-day moving average price is $39.15. 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 EPS 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 quarter in the prior year, the business posted $0.60 EPS. Sell-side analysts expect 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 will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. This is an increase from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank increased their price target 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. Finally, Barclays decreased their price target 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Insider Activity

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction 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 sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.