Leigh Baldwin & CO. LLC Purchases Shares of 6,575 Exelon Co. (NASDAQ:EXC)

Leigh Baldwin & CO. LLC bought a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,575 shares of the company's stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Ameriflex Group Inc. acquired a new position in shares of Exelon during the 4th quarter worth $25,000. Millstone Evans Group LLC acquired a new stake in Exelon in the fourth quarter valued at $28,000. Stephens Consulting LLC lifted its holdings in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. bought a new stake in shares of Exelon in the 4th quarter valued at about $30,000. Finally, Crews Bank & Trust acquired a new stake in shares of Exelon in the fourth quarter valued at about $34,000. Institutional investors own 80.92% of the company's stock.

Exelon Trading Up 1.0%

Shares of Exelon stock traded up $0.42 on Thursday, hitting $43.70. The stock had a trading volume of 5,297,917 shares, compared to its average volume of 7,306,320. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The stock has a market cap of $44.12 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 2.86 and a beta of 0.43. The stock's 50-day simple moving average is $45.21 and its two-hundred day simple moving average is $41.84.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The business's revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.66%. Exelon's dividend payout ratio is 59.48%.

Wall Street Analyst Weigh In

EXC has been the topic of several analyst reports. Morgan Stanley reduced their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. KeyCorp cut Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective on the stock. in a research note on Wednesday, May 14th. UBS Group upped their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. BMO Capital Markets raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Scotiabank increased their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $47.30.

About Exelon

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.