Brookstone Capital Management Buys 11,647 Shares of Exelon Corporation (NASDAQ:EXC)

Brookstone Capital Management raised its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 22.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,371 shares of the company's stock after buying an additional 11,647 shares during the period. Brookstone Capital Management's holdings in Exelon were worth $2,920,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Allianz SE purchased a new stake in Exelon in the 4th quarter worth approximately $5,953,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Exelon by 141.2% in the first 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. Janney Montgomery Scott LLC bought a new position in shares of Exelon in the first quarter worth approximately $6,795,000. Schroder Investment Management Group increased its stake in shares of Exelon by 86.7% in the fourth quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company's stock worth $59,329,000 after purchasing an additional 732,355 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Exelon by 11.2% during the 4th quarter. Parallel Advisors LLC now owns 8,356 shares of the company's stock valued at $315,000 after purchasing an additional 844 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXC. Wells Fargo & Company upped 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. Evercore ISI upped their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Morgan Stanley decreased their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. BMO Capital Markets boosted their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, UBS Group restated a "neutral" rating and issued a $48.00 price target (up from $46.00) on shares of Exelon in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $47.40.

Exelon Price Performance

Shares of EXC stock traded up $0.04 on Monday, reaching $43.17. The company's stock had a trading volume of 4,155,219 shares, compared to its average volume of 7,112,306. The stock's fifty day simple moving average is $43.80 and its 200-day simple moving average is $42.80. Exelon Corporation has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a market capitalization of $43.58 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39. 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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion for 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 for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. Analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Monday, May 12th. Exelon's dividend payout ratio is currently 59.48%.

About Exelon

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.