Exelon Corporation (NASDAQ:EXC) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 105.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,311 shares of the company's stock after acquiring an additional 7,871 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Exelon were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Norges Bank purchased a new stake in Exelon in the 4th quarter worth $479,597,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after buying an additional 7,483,873 shares in the last quarter. FMR LLC grew its holdings in shares of Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after buying an additional 5,524,103 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Exelon by 43.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock worth $483,525,000 after buying an additional 3,878,687 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after buying an additional 3,064,673 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Trading Up 0.5%

Shares of EXC stock traded up $0.23 on Friday, hitting $42.60. 12,634,954 shares of the stock traded hands, compared to its average volume of 7,226,520. The firm's 50-day moving average price is $44.54 and its two-hundred day moving average price is $42.35. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The stock has a market capitalization of $43.01 billion, a PE ratio of 15.84, a PEG ratio of 2.46 and a beta of 0.39. Exelon Corporation has a twelve month low of $34.01 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion for 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 company's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given 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 yield of 3.76%. Exelon's payout ratio is currently 59.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Guggenheim upped their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Evercore ISI upped their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Morgan Stanley dropped their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, UBS Group reaffirmed a "neutral" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $47.40.

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.