Hennion & Walsh Asset Management Inc. Buys 7,617 Shares of Exelon Co. (NASDAQ:EXC)

Hennion & Walsh Asset Management Inc. grew its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 19.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,546 shares of the company's stock after purchasing an additional 7,617 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Exelon were worth $2,191,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Centre Asset Management LLC grew its stake in shares of Exelon by 3.2% in the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after buying an additional 233 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Exelon by 1.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock valued at $697,000 after acquiring an additional 311 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in Exelon by 2.8% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock valued at $444,000 after acquiring an additional 324 shares during the last quarter. Horizon Investments LLC grew its position in Exelon by 1.8% in the fourth quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock worth $708,000 after acquiring an additional 335 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its stake in shares of Exelon by 12.2% during the 4th quarter. Y.D. More Investments Ltd now owns 3,119 shares of the company's stock worth $117,000 after purchasing an additional 340 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

EXC stock traded down $0.24 on Friday, reaching $42.62. 7,264,548 shares of the company were exchanged, compared to its average volume of 7,366,673. The firm has a market capitalization of $43.03 billion, a PE ratio of 17.40, a PEG ratio of 2.86 and a beta of 0.40. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The stock's fifty day moving average price is $45.10 and its 200 day moving average price is $42.04. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. On average, research analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's payout ratio is presently 59.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective 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 lifted their price target 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. Guggenheim boosted their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Evercore ISI upped their price objective 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. Finally, KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $47.40.

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.