Union Bancaire Privee UBP SA Purchases Shares of 11,294 Exelon Co. (NASDAQ:EXC)

Union Bancaire Privee UBP SA purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,294 shares of the company’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. World Equity Group Inc. raised its position in shares of Exelon by 10.9% in the 4th quarter. World Equity Group Inc. now owns 17,252 shares of the company’s stock worth $649,000 after acquiring an additional 1,702 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Exelon by 1,451.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 94,168 shares of the company’s stock worth $3,544,000 after acquiring an additional 88,100 shares in the last quarter. Lansing Street Advisors bought a new position in shares of Exelon in the 4th quarter worth approximately $470,000. Howard Capital Management Inc. grew its stake in shares of Exelon by 29.9% in the 4th quarter. Howard Capital Management Inc. now owns 36,374 shares of the company’s stock worth $1,369,000 after buying an additional 8,371 shares during the last quarter. Finally, TCW Group Inc. grew its stake in shares of Exelon by 2.6% in the 4th quarter. TCW Group Inc. now owns 13,976 shares of the company’s stock worth $526,000 after buying an additional 357 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EXC. Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Barclays cut their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Finally, Scotiabank upped their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.38.

Exelon Price Performance

NASDAQ EXC opened at $43.35 on Tuesday. The business’s fifty day moving average price is $39.56 and its 200-day moving average price is $39.15. The stock has a market capitalization of $43.58 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.86 and a beta of 0.56. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $44.01.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.60 EPS. On average, equities analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio is presently 65.31%.

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.