Chesapeake Wealth Management increased its holdings in Exelon Co. (NYSE:EXC) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 21,775 shares of the energy giant’s stock after acquiring an additional 1,934 shares during the quarter. Chesapeake Wealth Management’s holdings in Exelon were worth $982,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Csenge Advisory Group bought a new stake in Exelon in the 3rd quarter worth $26,000. Moody National Bank Trust Division bought a new stake in Exelon in the 4th quarter worth $26,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Exelon by 84.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 969 shares of the energy giant’s stock worth $44,000 after acquiring an additional 445 shares during the last quarter. Ipswich Investment Management Co. Inc. bought a new stake in Exelon in the 4th quarter worth $48,000. Finally, Financial Gravity Companies Inc. bought a new stake in Exelon in the 4th quarter worth $49,000. Institutional investors own 80.71% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Scotiabank reissued a “buy” rating and issued a $50.00 price target on shares of Exelon in a report on Wednesday. SunTrust Banks reaffirmed a “hold” rating and set a $49.00 target price on shares of Exelon in a research note on Tuesday. Morgan Stanley lifted their target price on shares of Exelon from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wells Fargo & Co reaffirmed a “hold” rating on shares of Exelon in a research note on Friday, February 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $51.00 target price on shares of Exelon in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Exelon has a consensus rating of “Buy” and a consensus target price of $46.94.

Shares of EXC opened at $47.90 on Thursday. The stock has a market cap of $46.38 billion, a PE ratio of 15.35, a P/E/G ratio of 3.31 and a beta of 0.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.17. Exelon Co. has a 1-year low of $36.22 and a 1-year high of $48.17.

Exelon (NYSE:EXC) last issued its quarterly earnings results on Friday, February 8th. The energy giant reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Exelon had a net margin of 5.58% and a return on equity of 9.18%. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the company posted $0.55 EPS. Exelon’s revenue was up 5.1% on a year-over-year basis. Research analysts expect that Exelon Co. will post 3.16 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Wednesday, February 20th will be given a dividend of $0.3625 per share. This is a boost from Exelon’s previous quarterly dividend of $0.35. This represents a $1.45 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Tuesday, February 19th. Exelon’s dividend payout ratio (DPR) is 44.23%.

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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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