Diversify Advisory Services LLC Invests $430,000 in Exelon Corporation (NASDAQ:EXC)

Diversify Advisory Services LLC purchased a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,171 shares of the company's stock, valued at approximately $430,000.

Several other hedge funds have also recently modified their holdings 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 position in shares of Exelon during the 4th quarter worth $28,000. CoreFirst Bank & Trust acquired a new position in shares of Exelon during the 4th quarter worth $40,000. Redwood Park Advisors LLC acquired a new position in shares of Exelon during the 4th quarter worth $44,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Exelon during the 1st quarter worth $50,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Up 1.0%

Exelon stock opened at $43.40 on Monday. The stock has a market cap of $43.81 billion, a PE ratio of 16.13, a P/E/G ratio of 2.54 and a beta of 0.39. The stock has a 50-day moving average price of $43.19 and a 200 day moving average price of $43.20. Exelon Corporation has a 52 week low of $35.84 and a 52 week high of $48.11. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. Equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm 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 3.69%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio (DPR) is 59.48%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EXC. KeyCorp cut their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Guggenheim lifted their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Evercore ISI lifted their price target on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $47.20.

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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