Janney Montgomery Scott LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 147,469 shares of the company's stock, valued at approximately $6,795,000.
A number of other large investors have also recently made changes to their positions in the company. Centre Asset Management LLC lifted its holdings in Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after buying an additional 233 shares in the last quarter. Stanley Laman Group Ltd. lifted its holdings in Exelon by 3.8% during the 1st quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock valued at $409,000 after buying an additional 323 shares in the last quarter. Ausdal Financial Partners Inc. lifted its holdings in Exelon by 2.8% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock valued at $444,000 after buying an additional 324 shares in the last quarter. Horizon Investments LLC lifted its holdings in Exelon by 1.8% during the 4th quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock valued at $708,000 after buying an additional 335 shares in the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in Exelon by 1.8% during the 4th quarter. Wedbush Securities Inc. now owns 19,399 shares of the company's stock valued at $730,000 after buying an additional 342 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.
Exelon Stock Performance
Shares of EXC stock opened at $42.60 on Friday. The firm has a market cap of $43.01 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 2.46 and a beta of 0.39. The company's 50 day moving average is $44.54 and its 200 day moving average is $42.35. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 52-week low of $34.01 and a 52-week high of $48.11.
Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. Exelon's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.
Exelon Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio is currently 59.48%.
Wall Street Analyst Weigh In
EXC has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Guggenheim lifted their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. Wells Fargo & Company lifted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley lowered their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $47.40.
Check Out Our Latest Stock Report on Exelon
Exelon Company Profile
(
Free Report)
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.
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