Wealth Enhancement Advisory Services LLC raised its position in Exelon Co. (NASDAQ:EXC – Get Rating) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,408 shares of the company's stock after acquiring an additional 1,179 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Exelon were worth $461,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in EXC. Wellington Management Group LLP lifted its stake in shares of Exelon by 20.1% during the 1st quarter. Wellington Management Group LLP now owns 93,209,957 shares of the company's stock worth $4,439,591,000 after buying an additional 15,573,269 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Exelon by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 86,862,993 shares of the company's stock worth $4,137,284,000 after buying an additional 2,365,787 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Exelon by 2.4% during the 1st quarter. BlackRock Inc. now owns 77,171,172 shares of the company's stock worth $3,675,664,000 after buying an additional 1,794,762 shares during the last quarter. Capital International Investors lifted its stake in shares of Exelon by 0.8% during the 4th quarter. Capital International Investors now owns 59,795,610 shares of the company's stock worth $3,453,694,000 after buying an additional 491,087 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Exelon by 61.0% during the 1st quarter. Bank of New York Mellon Corp now owns 32,199,539 shares of the company's stock worth $1,533,663,000 after buying an additional 12,205,179 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company's stock.
Get Exelon alerts:Exelon Price Performance
EXC stock opened at $40.15 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.53. Exelon Co. has a 12 month low of $33.93 and a 12 month high of $50.71. The firm has a market cap of $39.37 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.58 and a beta of 0.57. The company's 50-day moving average price is $44.66 and its two-hundred day moving average price is $44.76.
Exelon (NASDAQ:EXC – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.02). Exelon had a net margin of 9.45% and a return on equity of 10.38%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.12 billion. On average, analysts anticipate that Exelon Co. will post 2.27 earnings per share for the current fiscal year.Exelon Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders 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. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, August 12th. Exelon's dividend payout ratio (DPR) is presently 49.82%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on EXC. Wells Fargo & Company lowered their price target on shares of Exelon from $52.00 to $49.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 4th. Argus raised their price target on shares of Exelon from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, June 8th. Mizuho raised their price target on shares of Exelon from $46.00 to $47.00 and gave the stock a "buy" rating in a research report on Wednesday, August 31st. BMO Capital Markets raised their price target on shares of Exelon from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, August 4th. Finally, Morgan Stanley lowered their price target on shares of Exelon from $54.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday, September 22nd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $48.23.
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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