Private Advisor Group LLC Has $3.40 Million Stake in Exelon Corporation (NASDAQ:EXC)

Private Advisor Group LLC grew its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 14.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,740 shares of the company's stock after purchasing an additional 9,179 shares during the quarter. Private Advisor Group LLC's holdings in Exelon were worth $3,398,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ameriflex Group Inc. purchased a new position in shares of Exelon in the fourth quarter worth about $25,000. Millstone Evans Group LLC bought a new stake in Exelon during the 4th quarter valued at about $28,000. CoreFirst Bank & Trust purchased a new position in shares of Exelon during the fourth quarter valued at approximately $40,000. Redwood Park Advisors LLC purchased a new stake in Exelon during the fourth quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon in the first quarter worth $50,000. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of NASDAQ:EXC traded up $0.13 on Friday, hitting $43.87. The company's stock had a trading volume of 1,870,781 shares, compared to its average volume of 7,457,778. Exelon Corporation has a 12 month low of $35.94 and a 12 month high of $48.11. The company has a market capitalization of $44.28 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 2.55 and a beta of 0.39. The stock's 50-day moving average is $43.26 and its two-hundred day moving average is $43.30. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09.

Exelon (NASDAQ:EXC - Get Free Report) last announced its 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 business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. Exelon's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, equities research analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Monday, May 12th. Exelon's dividend payout ratio (DPR) is currently 59.48%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXC. Evercore ISI lifted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. 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. BMO Capital Markets upped their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, Morgan Stanley dropped their price objective 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. One 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $47.20.

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.