Cerity Partners LLC Has $2.26 Million Stake in Exelon Co. (NASDAQ:EXC)

Cerity Partners LLC lifted its holdings in Exelon Co. (NASDAQ:EXC) by 51.4% during the 4th quarter, Holdings Channel reports. The fund owned 63,074 shares of the company’s stock after acquiring an additional 21,421 shares during the quarter. Cerity Partners LLC’s holdings in Exelon were worth $2,264,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after purchasing an additional 88,614 shares during the last quarter. Raymond James & Associates increased its position in Exelon by 24.4% in the 4th quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock valued at $16,660,000 after acquiring an additional 91,088 shares in the last quarter. Invesco Ltd. raised its stake in shares of Exelon by 12.2% in the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock worth $380,538,000 after acquiring an additional 1,092,736 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Exelon during the third quarter worth approximately $1,418,000. Finally, Bank of Nova Scotia grew its stake in shares of Exelon by 299.5% during the third quarter. Bank of Nova Scotia now owns 641,757 shares of the company’s stock valued at $24,252,000 after purchasing an additional 481,127 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.7 %

Shares of NASDAQ:EXC opened at $36.68 on Friday. The company has a 50 day moving average price of $36.35 and a two-hundred day moving average price of $37.10. The company has a market capitalization of $36.66 billion, a PE ratio of 15.74, a PEG ratio of 2.61 and a beta of 0.54. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Analysts forecast that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is 65.24%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, February 22nd. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Barclays upped their target price on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Bank of America lowered their price target on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Finally, TheStreet lowered shares of Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Exelon has an average rating of “Hold” and a consensus price target of $39.09.

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.