Exelon Co. (NASDAQ:EXC) Position Boosted by Cerity Partners LLC

Cerity Partners LLC boosted its position in Exelon Co. (NASDAQ:EXC) by 51.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,074 shares of the company’s stock after buying an additional 21,421 shares during the quarter. Cerity Partners LLC’s holdings in Exelon were worth $2,264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Antonetti Capital Management LLC lifted its position in shares of Exelon by 98.8% in the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Addison Advisors LLC boosted its stake in 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 during the period. Fortis Group Advisors LLC bought a new position in shares of Exelon during the third quarter valued at approximately $31,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Exelon during the 4th quarter worth approximately $34,000. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Exelon by 263.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock worth $36,000 after purchasing an additional 612 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on EXC shares. UBS Group downgraded Exelon from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $47.00 to $37.00 in a research note on Tuesday, January 2nd. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. Barclays upped their target price on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Bank of America decreased 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average price target of $39.09.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $36.68 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.71. The firm has a market cap of $36.66 billion, a P/E ratio of 15.74, a PEG ratio of 2.61 and a beta of 0.54. The stock has a fifty day moving average price of $36.35 and a two-hundred day moving average price of $37.10. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXC) last announced its 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. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. Research analysts forecast that Exelon Co. will post 2.41 EPS for the current fiscal 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 issued a $0.38 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Friday, March 1st. Exelon’s payout ratio is presently 65.24%.

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.