Farther Finance Advisors LLC Purchases 7,789 Shares of Exelon Co. (NASDAQ:EXC)

Farther Finance Advisors LLC lifted its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 126.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,972 shares of the company's stock after purchasing an additional 7,789 shares during the quarter. Farther Finance Advisors LLC's holdings in Exelon were worth $642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in Exelon during the fourth quarter worth $25,000. Millstone Evans Group LLC purchased a new position in Exelon during the fourth quarter worth $28,000. Capital Advisors Ltd. LLC boosted its stake 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 buying an additional 513 shares during the period. SBI Securities Co. Ltd. purchased a new position in Exelon during the fourth quarter worth $36,000. Finally, CoreFirst Bank & Trust purchased a new position in Exelon during the fourth quarter worth $40,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXC has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Barclays boosted their target price on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. BMO Capital Markets boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $47.40.

Exelon Stock Down 0.9%

Shares of EXC stock traded down $0.39 on Friday, hitting $43.25. The stock had a trading volume of 5,163,805 shares, compared to its average volume of 7,336,736. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The business has a 50 day moving average price of $44.78 and a 200 day moving average price of $42.22. The company has a market cap of $43.66 billion, a PE ratio of 17.65, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a one year low of $34.01 and a one year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. Research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company 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. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. Exelon's dividend payout ratio is presently 59.48%.

Exelon 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.