Parallel Advisors LLC Acquires 844 Shares of Exelon Co. (NASDAQ:EXC)

Parallel Advisors LLC boosted its holdings in Exelon Co. (NASDAQ:EXC) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,356 shares of the company’s stock after acquiring an additional 844 shares during the period. Parallel Advisors LLC’s holdings in Exelon were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in 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 in the last quarter. Amundi grew its holdings in Exelon by 53.8% in the 4th quarter. Amundi now owns 6,174,458 shares of the company’s stock valued at $235,390,000 after buying an additional 2,160,201 shares in the last quarter. State Street Corp grew its holdings in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB grew its holdings in Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after buying an additional 2,018,604 shares in the last quarter. Finally, FMR LLC grew its holdings in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after buying an additional 1,858,502 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling at Exelon

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

Exelon Price Performance

Shares of EXC stock opened at $43.80 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $45.20. The company has a market cap of $44.03 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.86 and a beta of 0.51. The business has a fifty day simple moving average of $41.97 and a 200 day simple moving average of $39.96.

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

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.65%. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, UBS Group increased their target price on Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Exelon has an average rating of “Moderate Buy” and an average price target of $45.13.

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.