Exelon Corporation (NASDAQ:EXC) Shares Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in Exelon Corporation by 46.1% during Q1, now owning 35,534 shares valued at approximately $1.64 million.
• The company reported a net margin of 11.44% and a year-over-year revenue increase of 11.1%, posting $0.92 EPS, which exceeded analysts' expectations.
• Exelon declared a quarterly dividend of $0.40 per share, reflecting an annual yield of 3.61%, and has a current dividend payout ratio of 59.48%.

HB Wealth Management LLC increased its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 46.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,534 shares of the company's stock after purchasing an additional 11,212 shares during the period. HB Wealth Management LLC's holdings in Exelon were worth $1,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Hazlett Burt & Watson Inc. grew its position in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after acquiring an additional 220 shares in the last quarter. CWM LLC lifted its stake in Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company's stock worth $1,556,000 after purchasing an additional 226 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in Exelon by 2.4% during the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock worth $450,000 after purchasing an additional 230 shares during the last quarter. Centre Asset Management LLC boosted its holdings in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after purchasing an additional 233 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in Exelon by 3.8% during the first quarter. Resonant Capital Advisors LLC now owns 7,220 shares of the company's stock valued at $333,000 after purchasing an additional 267 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EXC shares. UBS Group restated a "neutral" rating and issued a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Wells Fargo & Company raised their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. BMO Capital Markets upped 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. Finally, Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. One equities research 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, Exelon currently has an average rating of "Hold" and an average target price of $47.20.

Exelon Stock Performance

EXC stock traded down $0.29 on Friday, reaching $44.65. The company's stock had a trading volume of 3,656,975 shares, compared to its average volume of 7,441,079. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. The company has a market capitalization of $45.07 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 2.59 and a beta of 0.39. The firm has a fifty day moving average of $43.27 and a two-hundred day moving average of $43.52.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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

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.