Foundations Investment Advisors LLC Has $757,000 Stake in Exelon Corporation (NASDAQ:EXC)

Key Points

• Foundations Investment Advisors LLC has increased its stake in Exelon Corporation by 140.5%, acquiring an additional 9,598 shares, bringing total holdings to 16,428 shares valued at approximately $757,000.
• The company reported a quarterly earnings per share of $0.92, exceeding analysts' expectations and achieving a year-over-year revenue increase of 11.1%.
• Exelon recently declared a quarterly dividend of $0.40 per share, which equates to an annualized dividend yield of 3.62%.

Foundations Investment Advisors LLC increased its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 140.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,428 shares of the company's stock after purchasing an additional 9,598 shares during the period. Foundations Investment Advisors LLC's holdings in Exelon were worth $757,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new position in Exelon in the fourth quarter worth approximately $25,000. Hazlett Burt & Watson Inc. grew its position in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after buying an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Exelon in the first quarter worth approximately $34,000. Opal Wealth Advisors LLC acquired a new position in Exelon in the first quarter worth approximately $50,000. Finally, Private Wealth Management Group LLC grew its position in Exelon by 39.5% in the first quarter. Private Wealth Management Group LLC now owns 1,119 shares of the company's stock worth $52,000 after buying an additional 317 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Stock Down 0.6%

Shares of NASDAQ:EXC traded down $0.27 during trading on Friday, reaching $44.67. 9,211,262 shares of the company traded hands, compared to its average volume of 5,201,512. The firm has a fifty day simple moving average of $43.29 and a 200 day simple moving average of $43.56. The firm has a market cap of $45.10 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11. The company has a quick ratio of 0.98, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the firm posted $0.47 EPS. The business's revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon's payout ratio is 59.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EXC shares. UBS Group reaffirmed a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley decreased their price objective 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. Wells Fargo & Company raised 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. BMO Capital Markets lifted 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, Guggenheim lifted their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned 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 $47.20.

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.