18,906 Shares in Exelon Corporation (NASDAQ:EXC) Purchased by Calton & Associates Inc.

Calton & Associates Inc. bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,906 shares of the company's stock, valued at approximately $871,000.

Several other hedge funds have also recently added to or reduced their stakes in 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 position in shares of Exelon during the 4th quarter valued at $28,000. CoreFirst Bank & Trust acquired a new position in shares of Exelon during the fourth quarter worth $40,000. Opal Wealth Advisors LLC acquired a new position in shares of Exelon in the first quarter worth about $50,000. Finally, Private Wealth Management Group LLC raised its stake in shares of Exelon by 39.5% in the 1st quarter. Private Wealth Management Group LLC now owns 1,119 shares of the company's stock valued at $52,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EXC. Morgan Stanley cut their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. BMO Capital Markets raised their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Guggenheim lifted their price target on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report 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 research report on Friday, May 2nd. Finally, Evercore ISI boosted their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. One investment 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's stock. According to data from MarketBeat.com, Exelon has a consensus rating of "Hold" and an average target price of $47.20.

Exelon Price Performance

EXC traded up $0.64 during trading on Tuesday, hitting $44.37. The company's stock had a trading volume of 2,241,750 shares, compared to its average volume of 7,036,552. The firm's 50 day moving average price is $43.19 and its two-hundred day moving average price is $43.20. 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 12 month low of $35.84 and a 12 month high of $48.11. The stock has a market capitalization of $44.79 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.54 and a beta of 0.39.

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, beating analysts' consensus estimates of $0.86 by $0.06. The business had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Sell-side analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.61%. Exelon's dividend payout ratio (DPR) is currently 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.