New Age Alpha Advisors LLC Purchases Shares of 88,055 Exelon Co. (NASDAQ:EXC)

New Age Alpha Advisors LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 88,055 shares of the company’s stock, valued at approximately $3,314,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Exelon during the 4th quarter worth about $479,597,000. JPMorgan Chase & Co. raised its stake in shares of Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after acquiring an additional 3,068,309 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares in the last quarter. Amundi grew its stake in shares of Exelon by 53.8% during the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock valued at $235,390,000 after purchasing an additional 2,160,201 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of 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 purchasing an additional 2,156,259 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Exelon stock opened at $44.71 on Friday. 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 firm has a market capitalization of $45.14 billion, a P/E ratio of 18.25, a PEG ratio of 2.86 and a beta of 0.51. The business has a 50-day moving average of $42.51 and a 200-day moving average of $40.14. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.20.

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

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EXC shares. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. UBS Group upped their target price on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Scotiabank lifted 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

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.