10,462 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Significant Wealth Partners LLC

Significant Wealth Partners LLC purchased a new position in shares of Exelon Co. (NASDAQ:EXC) during the fourth quarter, HoldingsChannel reports. The fund purchased 10,462 shares of the company’s stock, valued at approximately $376,000.

A number of other hedge funds have also bought and sold shares of the business. Antonetti Capital Management LLC increased its holdings in Exelon by 98.8% in the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Addison Advisors LLC increased its holdings in Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after buying an additional 276 shares during the period. Fortis Group Advisors LLC bought a new position in Exelon in the 3rd quarter valued at about $31,000. Bruce G. Allen Investments LLC bought a new position in Exelon in the 4th quarter valued at about $34,000. Finally, Peoples Bank KS bought a new position in Exelon in the 3rd quarter valued at about $38,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 0.3 %

NASDAQ:EXC opened at $37.67 on Tuesday. The firm’s 50 day simple moving average is $36.49 and its 200 day simple moving average is $37.11. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. Exelon Co. has a one year low of $33.35 and a one year high of $43.71. The company has a market cap of $37.65 billion, a PE ratio of 16.17, a P/E/G ratio of 2.74 and a beta of 0.54.

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

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.04%. Exelon’s dividend payout ratio (DPR) is currently 65.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXC shares. Bank of America decreased their target price on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. Seaport Res Ptn lowered shares of Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. Wells Fargo & Company reduced their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. Finally, Barclays raised their price target on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.