Heartland Advisors Inc. increased its position in shares of Exelon Co. (NASDAQ:EXC – Free Report) by 237.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 488,291 shares of the company’s stock after buying an additional 343,641 shares during the quarter. Exelon comprises about 0.9% of Heartland Advisors Inc.’s portfolio, making the stock its 29th biggest position. Heartland Advisors Inc.’s holdings in Exelon were worth $17,530,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Addison Advisors LLC grew its holdings in shares of Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after acquiring an additional 276 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Exelon by 4.5% during the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock valued at $265,000 after purchasing an additional 303 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in Exelon by 6.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock valued at $212,000 after purchasing an additional 347 shares during the period. HBK Sorce Advisory LLC grew its holdings in Exelon by 1.3% during the third quarter. HBK Sorce Advisory LLC now owns 27,689 shares of the company’s stock valued at $1,046,000 after purchasing an additional 351 shares during the period. Finally, Uncommon Cents Investing LLC grew its holdings in Exelon by 1.4% during the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock valued at $917,000 after purchasing an additional 360 shares during the period. 80.92% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on EXC. Bank of America reduced their price objective on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Wells Fargo & Company increased their target price on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. BMO Capital Markets increased their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Scotiabank lowered their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, TheStreet downgraded Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $38.83.
Exelon Trading Up 0.7 %
Shares of NASDAQ:EXC traded up $0.27 during trading on Tuesday, reaching $38.40. 10,192,106 shares of the company traded hands, compared to its average volume of 6,657,214. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53. The firm has a market capitalization of $38.40 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 2.63 and a beta of 0.53. The business’s fifty day moving average is $37.19 and its 200-day moving average is $36.93.
Exelon (NASDAQ:EXC – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, analysts forecast that Exelon Co. will post 2.43 EPS for the current year.
Exelon Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Friday, May 10th. Exelon’s payout ratio is 65.52%.
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.