Exelon Co. (EXC) Shares Bought by Brown Advisory Inc.

Brown Advisory Inc. lifted its holdings in shares of Exelon Co. (NYSE:EXC) by 19.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 126,205 shares of the energy giant’s stock after acquiring an additional 20,151 shares during the period. Brown Advisory Inc.’s holdings in Exelon were worth $5,691,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Weather Gauge Advisory LLC purchased a new stake in shares of Exelon during the fourth quarter worth about $2,083,000. DNB Asset Management AS lifted its holdings in shares of Exelon by 18.6% during the fourth quarter. DNB Asset Management AS now owns 183,190 shares of the energy giant’s stock worth $8,262,000 after purchasing an additional 28,714 shares during the period. Hexavest Inc. lifted its holdings in shares of Exelon by 17.5% during the fourth quarter. Hexavest Inc. now owns 1,974,405 shares of the energy giant’s stock worth $89,046,000 after purchasing an additional 293,895 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Exelon by 6.2% during the third quarter. Bank of New York Mellon Corp now owns 11,849,193 shares of the energy giant’s stock worth $517,335,000 after purchasing an additional 689,774 shares during the period. Finally, Paradigm Asset Management Co. LLC lifted its holdings in shares of Exelon by 0.6% during the third quarter. Paradigm Asset Management Co. LLC now owns 81,800 shares of the energy giant’s stock worth $3,571,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.

In other Exelon news, EVP Joseph Nigro sold 53,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $49.59, for a total value of $2,667,942.00. Following the completion of the transaction, the executive vice president now directly owns 99,574 shares of the company’s stock, valued at $4,937,874.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paymon Aliabadi sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $47.88, for a total value of $837,900.00. Following the completion of the transaction, the executive vice president now directly owns 67,548 shares of the company’s stock, valued at $3,234,198.24. The disclosure for this sale can be found here. Insiders sold 88,800 shares of company stock valued at $4,352,142 over the last three months. 0.46% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on EXC shares. Goldman Sachs Group downgraded Exelon from a “neutral” rating to a “sell” rating and set a $43.00 target price for the company. in a report on Friday, January 4th. SunTrust Banks reaffirmed a “hold” rating and set a $49.00 target price on shares of Exelon in a report on Tuesday, February 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 target price on shares of Exelon in a report on Wednesday, January 23rd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Exelon in a report on Friday, February 8th. Finally, Barclays lifted their target price on Exelon from $46.00 to $47.00 and gave the stock a “hold” rating in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.94.

Shares of NYSE:EXC opened at $50.00 on Friday. Exelon Co. has a 12-month low of $37.45 and a 12-month high of $50.19. The company has a market capitalization of $48.12 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 3.73 and a beta of 0.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.17 and a quick ratio of 1.02.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. Exelon had a return on equity of 9.18% and a net margin of 5.58%. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same period in the previous year, the company posted $0.55 earnings per share. Exelon’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Exelon Co. will post 3.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Wednesday, February 20th were issued a $0.3625 dividend. The ex-dividend date of this dividend was Tuesday, February 19th. This is an increase from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 dividend on an annualized basis and a yield of 2.90%. Exelon’s payout ratio is presently 46.47%.

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About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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