Exelon Corporation (NASDAQ:EXC) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 141.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 269,101 shares of the company's stock after acquiring an additional 157,548 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Exelon were worth $12,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of Exelon during the fourth quarter worth $25,000. Millstone Evans Group LLC acquired a new stake in Exelon during the fourth quarter worth about $28,000. Capital Advisors Ltd. LLC increased its position in Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after purchasing an additional 513 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Exelon during the fourth quarter worth about $36,000. Finally, CoreFirst Bank & Trust acquired a new stake in Exelon during the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXC. Wells Fargo & Company upped their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a research report on Wednesday, May 14th. Guggenheim upped their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research 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. Finally, Barclays increased their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $47.40.

Exelon Stock Up 0.5%

EXC opened at $42.60 on Monday. 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 stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 2.46 and a beta of 0.40. The business has a 50-day moving average of $44.54 and a two-hundred day moving average of $42.38. Exelon Corporation has a 12 month low of $34.01 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The business 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 company's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

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. This represents a $1.60 annualized dividend and a yield of 3.76%. The ex-dividend date was Monday, May 12th. Exelon's dividend payout ratio is presently 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.

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