Versor Investments LP Acquires 20,000 Shares of Exelon Co. (NASDAQ:EXC)

Versor Investments LP boosted its holdings in Exelon Co. (NASDAQ:EXC) by 58.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,100 shares of the company’s stock after buying an additional 20,000 shares during the quarter. Versor Investments LP’s holdings in Exelon were worth $2,036,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Arkadios Wealth Advisors bought a new position in shares of Exelon during the 3rd quarter valued at $216,000. J.W. Cole Advisors Inc. boosted its holdings in Exelon by 3.1% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,730 shares of the company’s stock worth $435,000 after buying an additional 323 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Exelon during the third quarter worth about $237,000. Nisa Investment Advisors LLC grew its holdings in Exelon by 46.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 220,545 shares of the company’s stock valued at $8,943,000 after buying an additional 70,412 shares in the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in Exelon during the third quarter valued at $253,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reduced their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.13.

Exelon Trading Up 0.0 %

Shares of EXC stock opened at $44.06 on Thursday. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $44.26. The company has a market cap of $44.29 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.86 and a beta of 0.56. 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 stock has a 50 day simple moving average of $39.86 and a 200-day simple moving average of $39.23.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data 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 previous year, the firm earned $0.60 earnings per share. On average, equities research analysts expect that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.63%. This is a boost from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. Exelon’s payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

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.