New Age Alpha Advisors LLC Takes Position in Exelon Co. (NASDAQ:EXC)

New Age Alpha Advisors LLC bought a new position in Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 88,055 shares of the company’s stock, valued at approximately $3,314,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Millstone Evans Group LLC purchased a new position in Exelon during the fourth quarter valued at approximately $28,000. Stephens Consulting LLC boosted its stake in shares of Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon during the 4th quarter valued at $30,000. Crews Bank & Trust acquired a new position in shares of Exelon in the fourth quarter worth $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after acquiring an additional 513 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were 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 owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Exelon Stock Up 1.0 %

Shares of EXC opened at $44.71 on Friday. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $45.20. The firm has a market capitalization of $45.14 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.86 and a beta of 0.51. The company has a 50-day simple moving average of $42.51 and a 200-day simple moving average of $40.14. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 period in the previous year, the business posted $0.60 earnings per share. On average, equities research analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a yield of 3.58%. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EXC shares. UBS Group lifted their price target on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays increased 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. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Exelon has a consensus rating of “Moderate Buy” and an average target price of $45.13.

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.