Evergreen Wealth Solutions LLC Invests $312,000 in Exelon Co. (NASDAQ:EXC)

Evergreen Wealth Solutions LLC bought a new stake in Exelon Co. (NASDAQ:EXC) during the fourth quarter, Holdings Channel reports. The fund bought 8,284 shares of the company’s stock, valued at approximately $312,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Soros Fund Management LLC acquired a new stake in Exelon in the 4th quarter valued at $7,528,000. AQR Capital Management LLC boosted its position in shares of Exelon by 109.8% in the fourth quarter. AQR Capital Management LLC now owns 513,709 shares of the company’s stock worth $19,336,000 after buying an additional 268,847 shares during the period. Lido Advisors LLC grew its stake in shares of Exelon by 1.3% in the fourth quarter. Lido Advisors LLC now owns 27,570 shares of the company’s stock valued at $1,038,000 after buying an additional 353 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Exelon by 16.4% during the 4th quarter. Northern Trust Corp now owns 11,212,263 shares of the company’s stock valued at $422,030,000 after buying an additional 1,577,317 shares during the period. Finally, Decade Renewable Partners LP lifted its position in Exelon by 1,637.2% during the 4th quarter. Decade Renewable Partners LP now owns 535,054 shares of the company’s stock worth $20,139,000 after acquiring an additional 504,254 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now 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 SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Exelon Stock Up 0.8 %

NASDAQ:EXC opened at $46.85 on Wednesday. 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 company has a market capitalization of $47.30 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The stock has a 50-day simple moving average of $44.88 and a 200 day simple moving average of $41.14.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping 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 period last year, the business posted $0.60 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.42%. Exelon’s dividend payout ratio (DPR) is 65.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EXC shares. Evercore ISI reaffirmed an “in-line” rating and issued a $48.00 price objective (up previously from $46.00) on shares of Exelon in a research report on Tuesday, April 15th. 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 note on Thursday, February 13th. BMO Capital Markets upped their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday. Barclays boosted their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, UBS Group raised their price objective on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.67.

About Exelon

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.