NEOS Investment Management LLC Increases Stake in Exelon Co. (NASDAQ:EXC)

NEOS Investment Management LLC lifted its position in Exelon Co. (NASDAQ:EXC) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 131,366 shares of the company’s stock after buying an additional 26,715 shares during the period. NEOS Investment Management LLC’s holdings in Exelon were worth $4,945,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased 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 acquiring an additional 3,068,309 shares during the period. Vanguard Group Inc. grew its stake in Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Amundi raised its holdings in Exelon by 53.8% in the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after purchasing an additional 2,160,201 shares in the last quarter. 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 valued at $2,439,862,000 after buying an additional 2,156,259 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Exelon by 418.1% during the fourth 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 during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on 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 directly owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.25 on Friday. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $45.20. The business’s 50 day moving average price is $42.40 and its 200 day moving average price is $40.09. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a market cap of $44.67 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last released 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 period last year, the company earned $0.60 EPS. On average, sell-side analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently disclosed 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 of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is presently 65.31%.

Analyst Ratings Changes

Several brokerages have weighed in on EXC. Morgan Stanley raised their target price on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon 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.