CIBC Private Wealth Group LLC Buys 1,784 Shares of Exelon Co. (NASDAQ:EXC)

CIBC Private Wealth Group LLC boosted its position in Exelon Co. (NASDAQ:EXC) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,318 shares of the company’s stock after acquiring an additional 1,784 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Exelon were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after buying an additional 3,064,673 shares in the last quarter. State Street Corp grew its position in 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 acquiring an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC grew its position in Exelon by 1.6% during the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock valued at $1,048,823,000 after acquiring an additional 403,542 shares during the last quarter. Norges Bank purchased a new position in shares of Exelon during the fourth quarter worth approximately $479,597,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Exelon by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,729,004 shares of the company’s stock worth $253,280,000 after acquiring an additional 282,596 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

EXC stock opened at $45.35 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The firm has a 50-day moving average of $43.17 and a 200 day moving average of $40.35. The company has a market cap of $45.78 billion, a P/E ratio of 18.51, a PEG ratio of 2.86 and a beta of 0.39.

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

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.53%. Exelon’s dividend payout ratio is currently 65.31%.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on EXC shares. UBS Group lifted their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Scotiabank boosted their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Barclays increased their target price on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Exelon presently has an average rating of “Moderate Buy” and an average target price of $45.13.

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.