Carret Asset Management LLC Increases Stock Position in Exelon Co. (NASDAQ:EXC)

Carret Asset Management LLC increased its position in shares of Exelon Co. (NASDAQ:EXC) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,204 shares of the company’s stock after buying an additional 650 shares during the period. Carret Asset Management LLC’s holdings in Exelon were worth $259,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC boosted its holdings in Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after buying an additional 276 shares in the last quarter. MCF Advisors LLC boosted its holdings in Exelon by 10.5% during the third quarter. MCF Advisors LLC now owns 2,936 shares of the company’s stock worth $111,000 after buying an additional 278 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Exelon by 4.5% during the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock worth $265,000 after buying an additional 303 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Exelon by 4.6% during the third quarter. Verdence Capital Advisors LLC now owns 7,088 shares of the company’s stock worth $268,000 after buying an additional 309 shares in the last quarter. Finally, Abundance Wealth Counselors lifted its holdings in Exelon by 2.2% during the third quarter. Abundance Wealth Counselors now owns 15,855 shares of the company’s stock valued at $599,000 after purchasing an additional 339 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 0.2 %

Exelon stock traded down $0.09 during midday trading on Thursday, hitting $37.68. 1,257,896 shares of the stock were exchanged, compared to its average volume of 6,575,294. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.54. The stock has a market capitalization of $37.66 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.74 and a beta of 0.54. The stock’s 50-day simple moving average is $36.63 and its 200 day simple moving average is $37.11. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. On average, equities analysts anticipate that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a yield of 4.03%. This is an increase from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is currently 65.24%.

Analyst Ratings Changes

Several research firms have issued reports on EXC. Scotiabank decreased their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday. Seaport Res Ptn downgraded shares of Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. UBS Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $47.00 to $37.00 in a report on Tuesday, January 2nd. Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus target price of $38.92.

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.