Edgestream Partners L.P. Purchases 37,367 Shares of Exelon Co. (NASDAQ:EXC)

Edgestream Partners L.P. grew its position in Exelon Co. (NASDAQ:EXC) by 726.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,512 shares of the company’s stock after purchasing an additional 37,367 shares during the quarter. Edgestream Partners L.P.’s holdings in Exelon were worth $1,600,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Geode Capital Management LLC raised its position in shares of Exelon by 1.6% in the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock valued at $1,048,823,000 after purchasing an additional 403,542 shares during the period. FMR LLC raised its position 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Exelon by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock valued at $363,626,000 after purchasing an additional 160,313 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Exelon by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,729,004 shares of the company’s stock valued at $253,280,000 after purchasing an additional 282,596 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of several research analyst reports. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Exelon has an average rating of “Moderate Buy” and an average target price of $44.13.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Exelon Stock Up 1.5 %

EXC opened at $43.76 on Tuesday. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.19. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The firm’s fifty day moving average price is $40.86 and its two-hundred day moving average price is $39.60. The company has a market capitalization of $43.99 billion, a P/E ratio of 17.86, a P/E/G ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the prior year, the company earned $0.60 EPS. On average, analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.66%. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Exelon Company 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.