Retirement Planning Co of New England Inc. Boosts Position in Exelon Co. (NASDAQ:EXC)

Retirement Planning Co of New England Inc. increased its stake in Exelon Co. (NASDAQ:EXC) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,499 shares of the company’s stock after buying an additional 550 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Exelon were worth $207,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in EXC. JPMorgan Chase & Co. increased its stake in Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after buying an additional 3,068,309 shares during the period. Amundi increased its stake in Exelon by 53.8% in the 4th quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after buying an additional 2,160,201 shares during the period. State Street Corp increased its position in Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Nordea Investment Management AB increased its position in Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after purchasing an additional 2,018,604 shares during the period. Finally, FMR LLC increased its position in Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXC shares. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank raised their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Exelon Trading Up 0.1 %

NASDAQ EXC opened at $44.42 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a market cap of $44.65 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company has a 50 day moving average price of $41.59 and a 200 day moving average price of $39.84. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $45.20.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping 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 last year, the firm posted $0.60 earnings per share. As a group, sell-side analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.60%. The ex-dividend date was Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business’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 transaction of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

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.