J.W. Cole Advisors Inc. Boosts Stock Position in Exelon Corporation (NASDAQ:EXC)

J.W. Cole Advisors Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 607.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,815 shares of the company's stock after purchasing an additional 50,502 shares during the period. J.W. Cole Advisors Inc.'s holdings in Exelon were worth $2,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriflex Group Inc. purchased a new stake in Exelon during the 4th quarter worth about $25,000. Millstone Evans Group LLC purchased a new stake in Exelon during the 4th quarter worth about $28,000. CoreFirst Bank & Trust purchased a new stake in Exelon during the 4th quarter worth about $40,000. Opal Wealth Advisors LLC purchased a new stake in Exelon during the 1st quarter worth about $50,000. Finally, Private Wealth Management Group LLC lifted its holdings in Exelon by 39.5% during the 1st quarter. Private Wealth Management Group LLC now owns 1,119 shares of the company's stock worth $52,000 after purchasing an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Guggenheim upped their target price on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. KeyCorp decreased their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. UBS Group restated a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Finally, Morgan Stanley decreased their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. One investment 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, the company has a consensus rating of "Hold" and an average price target of $47.20.

Exelon Price Performance

Shares of Exelon stock opened at $43.73 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $44.15 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.54 and a beta of 0.39. The business's 50-day moving average price is $43.19 and its 200-day moving average price is $43.20. Exelon Corporation has a 12 month low of $35.84 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. Sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Monday, May 12th. 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.

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