Exelon Corporation (NASDAQ:EXC) Shares Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers has increased its stake in Exelon Corporation by 3.1%, bringing its total holdings to $11.33 million in the first quarter.
• Exelon recently reported $0.92 earnings per share for its last quarter, exceeding analyst expectations of $0.86.
• The company announced a quarterly dividend of $0.40 per share, with an annualized yield of 3.62%.

Cetera Investment Advisers lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,785 shares of the company's stock after purchasing an additional 7,473 shares during the quarter. Cetera Investment Advisers' holdings in Exelon were worth $11,326,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in shares of Exelon in the 4th quarter worth $25,000. Hazlett Burt & Watson Inc. raised its position in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after purchasing an additional 220 shares during the period. ANTIPODES PARTNERS Ltd purchased a new position in Exelon in the first quarter valued at about $34,000. Redwood Park Advisors LLC purchased a new position in Exelon in the fourth quarter valued at about $44,000. Finally, Opal Wealth Advisors LLC purchased a new position in Exelon in the first quarter valued at about $50,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.6%

Exelon stock traded down $0.27 during midday trading on Friday, hitting $44.67. The stock had a trading volume of 9,211,262 shares, compared to its average volume of 5,201,512. The company has a current ratio of 0.95, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The stock has a market cap of $45.10 billion, a P/E ratio of 16.98, a P/E/G ratio of 2.63 and a beta of 0.38. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11. The business has a fifty day moving average price of $43.29 and a 200 day moving average price of $43.56.

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

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon's payout ratio is presently 59.48%.

Wall Street Analyst Weigh In

EXC has been the topic of several research reports. UBS Group reissued a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. 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 report on Friday, May 2nd. BMO Capital Markets lifted their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley dropped their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Company 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.