Cetera Investment Advisers Grows Position in Exelon Co. (NASDAQ:EXC)

Cetera Investment Advisers boosted its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 238,312 shares of the company's stock after buying an additional 6,783 shares during the period. Cetera Investment Advisers' holdings in Exelon were worth $8,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EXC. Rosenberg Matthew Hamilton raised its holdings in shares of Exelon by 12.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock valued at $92,000 after purchasing an additional 275 shares during the last quarter. Wesbanco Bank Inc. grew its position in Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock worth $375,000 after purchasing an additional 296 shares in the last quarter. PFG Investments LLC increased its stake in Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company's stock valued at $495,000 after buying an additional 305 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Exelon by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock worth $697,000 after buying an additional 311 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Exelon by 3.0% during the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock worth $450,000 after buying an additional 322 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXC has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Scotiabank increased their price target on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley lifted their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $47.30.

Exelon Stock Performance

NASDAQ EXC traded up $1.18 during trading on Thursday, hitting $43.43. 8,463,150 shares of the company's stock traded hands, compared to its average volume of 7,265,768. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock has a market capitalization of $43.84 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.86 and a beta of 0.43. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11. The business has a 50 day moving average of $45.22 and a 200-day moving average of $41.49.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period last year, the firm earned $0.68 EPS. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. Exelon's dividend payout ratio (DPR) is 59.48%.

Exelon Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.