Independent Advisor Alliance Purchases 3,834 Shares of Exelon Co. (NASDAQ:EXC)

Independent Advisor Alliance lifted its position in Exelon Co. (NASDAQ:EXC) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,249 shares of the company’s stock after purchasing an additional 3,834 shares during the quarter. Independent Advisor Alliance’s holdings in Exelon were worth $762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stephens Consulting LLC grew its position in Exelon by 78.1% during the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon during the fourth quarter worth about $30,000. Crews Bank & Trust bought a new position in shares of Exelon in the fourth quarter worth approximately $34,000. Capital Advisors Ltd. LLC raised its stake in Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Exelon during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of several research reports. Barclays raised 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 reaffirmed an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Exelon Stock Performance

Shares of EXC stock opened at $44.19 on Friday. The company has a market capitalization of $44.42 billion, a P/E ratio of 18.04, a PEG ratio of 2.86 and a beta of 0.51. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a 50 day moving average price of $41.32 and a two-hundred day moving average price of $39.74.

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

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.62%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is 65.31%.

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.