Affinity Investment Advisors LLC Increases Stock Position in Exelon Corporation (NASDAQ:EXC)

Key Points

• Affinity Investment Advisors LLC has increased its stake in Exelon Corporation by 50.2% in the first quarter, now holding 27,535 shares worth $1.27 million.
• Various institutional investors have also significantly boosted their positions, with Edgestream Partners L.P. increasing its holdings by 354.9%.
• Exelon is projected to yield an EPS of $2.64 for the current fiscal year, and the company recently declared a quarterly dividend of $0.40 per share.

Affinity Investment Advisors LLC grew its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 50.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,535 shares of the company's stock after acquiring an additional 9,203 shares during the period. Affinity Investment Advisors LLC's holdings in Exelon were worth $1,269,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Edgestream Partners L.P. boosted its holdings in Exelon by 354.9% in the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after purchasing an additional 150,876 shares during the period. Arizona State Retirement System grew its holdings in shares of Exelon by 3.6% during the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock worth $13,587,000 after purchasing an additional 10,176 shares during the last quarter. Cerity Partners LLC increased its position in shares of Exelon by 14.9% during the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock worth $22,393,000 after purchasing an additional 63,009 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Exelon in the first quarter valued at approximately $6,795,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Exelon by 141.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock worth $12,400,000 after purchasing an additional 157,548 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXC. Evercore ISI lifted their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Guggenheim boosted their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. BMO Capital Markets increased their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. KeyCorp cut their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, UBS Group reissued a "neutral" rating and set a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $47.20.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.58 on Friday. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average of $43.60 and a two-hundred day moving average of $43.97. The company has a market capitalization of $45.03 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 2.61 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. As a group, analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 60.84%.

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.

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