Harbor Investment Advisory LLC Grows Position in Exelon Co. (NASDAQ:EXC)

Harbor Investment Advisory LLC boosted its stake in Exelon Co. (NASDAQ:EXC) by 5.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,384 shares of the company’s stock after acquiring an additional 476 shares during the period. Harbor Investment Advisory LLC’s holdings in Exelon were worth $353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after buying an additional 3,068,309 shares during the period. State Street Corp lifted its position in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Exelon by 418.1% in the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after purchasing an additional 2,018,604 shares during the period. FMR LLC grew its holdings in shares of Exelon by 18.7% in the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Exelon by 212.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock worth $71,647,000 after buying an additional 1,293,753 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXC shares. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank upped their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.38.

Exelon Stock Performance

Shares of EXC opened at $40.44 on Wednesday. The company has a market capitalization of $40.64 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a 50 day moving average price of $38.03 and a 200 day moving average price of $38.27.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the firm posted $0.67 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Research analysts predict that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s payout ratio is currently 62.55%.

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.