SVB Wealth LLC Makes New Investment in Exelon Co. (NASDAQ:EXC)

SVB Wealth LLC acquired a new stake in shares of Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,007 shares of the company’s stock, valued at approximately $490,000.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its position in Exelon by 1.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after purchasing an additional 274 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of Exelon by 12.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after buying an additional 275 shares during the period. Wesbanco Bank Inc. increased its stake in shares of Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after buying an additional 296 shares during the period. PFG Investments LLC raised its holdings in shares of Exelon by 2.4% during the fourth quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after acquiring an additional 305 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in Exelon by 1.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock worth $697,000 after acquiring an additional 311 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 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 $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Exelon Price Performance

Shares of NASDAQ EXC opened at $43.68 on Wednesday. The company has a 50 day simple moving average of $40.40 and a two-hundred day simple moving average of $39.44. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20. The company has a market capitalization of $43.91 billion, a price-to-earnings ratio of 17.83, 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 quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating 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 firm posted $0.60 earnings per share. Analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

Analysts Set New Price Targets

A number of research analysts have issued reports on EXC shares. Barclays boosted their price objective 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. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley cut their price objective on 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, Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Five 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.com, Exelon has an average rating of “Moderate Buy” and an average target price of $44.13.

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.