Exelon Co. (NASDAQ:EXC) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 11.5% during the fourth quarter, Holdings Channel reports. The firm owned 4,810 shares of the company’s stock after buying an additional 495 shares during the period. First Horizon Advisors Inc.’s holdings in Exelon were worth $181,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Callan Capital LLC grew its holdings in Exelon by 110.4% in the 4th quarter. Callan Capital LLC now owns 12,099 shares of the company’s stock worth $455,000 after buying an additional 6,349 shares in the last quarter. Blackston Financial Advisory Group LLC raised its holdings in shares of Exelon by 7.0% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 9,455 shares of the company’s stock worth $356,000 after purchasing an additional 616 shares in the last quarter. ING Groep NV lifted its position in shares of Exelon by 2,081.1% during the 4th quarter. ING Groep NV now owns 372,814 shares of the company’s stock valued at $14,033,000 after acquiring an additional 355,721 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Exelon by 15.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,743 shares of the company’s stock valued at $404,000 after purchasing an additional 1,463 shares during the period. Finally, Ieq Capital LLC increased its position in shares of Exelon by 1.0% in the fourth quarter. Ieq Capital LLC now owns 61,984 shares of the company’s stock worth $2,333,000 after acquiring an additional 615 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 1.6 %

NASDAQ EXC opened at $44.04 on Wednesday. The stock’s 50 day moving average is $39.71 and its two-hundred day moving average is $39.20. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $44.27 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.86 and a beta of 0.56. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $44.24.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 firm earned $0.60 EPS. Equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.63%. The ex-dividend date is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the 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 transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EXC shares. Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Barclays upped their target price on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

About Exelon

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.