HB Wealth Management LLC acquired a new stake in shares of Exelon Co. (NASDAQ:EXC – Get Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,241 shares of the company's stock, valued at approximately $283,000.
Other institutional investors also recently modified their holdings of the company. TKG Advisors LLC purchased a new position in Exelon in the second quarter worth about $2,556,000. IFM Investors Pty Ltd boosted its position in Exelon by 4.1% in the second quarter. IFM Investors Pty Ltd now owns 159,800 shares of the company's stock worth $7,242,000 after purchasing an additional 6,264 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Exelon by 26.7% in the second quarter. Orion Portfolio Solutions LLC now owns 8,102 shares of the company's stock worth $367,000 after purchasing an additional 1,707 shares during the last quarter. Adviser Investments LLC boosted its position in Exelon by 60.3% in the second quarter. Adviser Investments LLC now owns 9,535 shares of the company's stock worth $432,000 after purchasing an additional 3,586 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its position in Exelon by 12.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 16,118 shares of the company's stock worth $730,000 after purchasing an additional 1,800 shares during the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.
Get Exelon alerts:Analyst Upgrades and Downgrades
Several research analysts have issued reports on EXC shares. BMO Capital Markets raised their target price on Exelon from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, August 4th. Wells Fargo & Company decreased their price objective on Exelon from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 4th. Barclays decreased their price objective on Exelon from $50.00 to $46.00 and set an "equal weight" rating on the stock in a research note on Monday, July 18th. Argus raised their price objective on Exelon from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, June 8th. Finally, Mizuho raised their price objective on Exelon from $46.00 to $47.00 and gave the stock a "buy" rating in a research note on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.23.
Exelon Stock Performance
NASDAQ:EXC opened at $40.58 on Tuesday. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.91 and a quick ratio of 0.84. Exelon Co. has a 1 year low of $33.93 and a 1 year high of $50.71. The stock's 50 day simple moving average is $44.78 and its two-hundred day simple moving average is $44.79. The company has a market cap of $39.79 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 2.58 and a beta of 0.57.Exelon (NASDAQ:EXC – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). Exelon had a return on equity of 10.38% and a net margin of 9.45%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.12 billion. As a group, equities analysts anticipate that Exelon Co. will post 2.27 earnings per share for the current fiscal year.
Exelon Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were paid a $0.338 dividend. This is an increase from Exelon's previous quarterly dividend of $0.34. The ex-dividend date was Friday, August 12th. This represents a $1.35 dividend on an annualized basis and a yield of 3.33%. Exelon's payout ratio is presently 49.82%.
Exelon Company Profile
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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company 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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