Proficio Capital Partners LLC Purchases Shares of 113,959 Exelon Co. (NASDAQ:EXC)

Proficio Capital Partners LLC acquired a new position in Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 113,959 shares of the company’s stock, valued at approximately $4,289,000.

Other institutional investors also recently made changes to their positions in the company. Czech National Bank boosted its holdings in Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock valued at $8,201,000 after acquiring an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Exelon by 20.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after purchasing an additional 279,827 shares during the last quarter. HITE Hedge Asset Management LLC increased its stake in shares of Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after buying an additional 321,333 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after buying an additional 123,466 shares during the last quarter. Finally, 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 worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.5 %

NASDAQ EXC opened at $44.39 on Tuesday. The stock’s 50 day moving average is $41.45 and its 200 day moving average is $39.80. 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 capitalization of $44.62 billion, a PE ratio of 18.12, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $45.20.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 posted $0.60 EPS. Research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is 65.31%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXC. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Finally, Morgan Stanley reduced their price objective 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. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

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.