Exelon Co. (EXC) Shares Bought by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. increased its position in Exelon Co. (NYSE:EXC) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,789 shares of the energy giant’s stock after buying an additional 1,512 shares during the period. Wetherby Asset Management Inc.’s holdings in Exelon were worth $543,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of EXC. Bank of Nova Scotia Trust Co. purchased a new stake in shares of Exelon in the third quarter worth about $102,000. NuWave Investment Management LLC purchased a new stake in shares of Exelon in the fourth quarter worth about $105,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Exelon in the fourth quarter worth about $118,000. Cerebellum GP LLC purchased a new stake in shares of Exelon in the fourth quarter worth about $122,000. Finally, Advisory Services Network LLC lifted its position in shares of Exelon by 24.3% in the second quarter. Advisory Services Network LLC now owns 4,647 shares of the energy giant’s stock worth $168,000 after buying an additional 908 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.
Shares of Exelon Co. (EXC) opened at $37.87 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.01. Exelon Co. has a fifty-two week low of $33.30 and a fifty-two week high of $42.67. The firm has a market capitalization of $36,550.00, a P/E ratio of 9.61, a PEG ratio of 2.44 and a beta of 0.25.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Thursday, February 15th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.64%. This is an increase from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, February 14th. Exelon’s dividend payout ratio is presently 35.03%.
A number of equities research analysts recently commented on the company. Morgan Stanley boosted their target price on Exelon from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Mizuho assumed coverage on Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price on the stock. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, January 24th. UBS Group started coverage on Exelon in a research report on Friday, February 2nd. They issued a “buy” rating and a $44.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Exelon from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $40.91.
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Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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