Legacy Advisors LLC Takes $649,000 Position in Exelon Corporation (NASDAQ:EXC)

Legacy Advisors LLC purchased a new position in Exelon Corporation (NASDAQ:EXC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,093 shares of the company's stock, valued at approximately $649,000.

Several other institutional investors also recently added to or reduced their stakes in EXC. Centre Asset Management LLC boosted its stake in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after acquiring an additional 233 shares during the last quarter. Stanley Laman Group Ltd. raised its holdings in shares of Exelon by 3.8% in the 1st quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock worth $409,000 after purchasing an additional 323 shares during the period. 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 purchasing an additional 324 shares during the last quarter. Horizon Investments LLC grew its holdings in Exelon by 1.8% during the fourth quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock valued at $708,000 after purchasing an additional 335 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in Exelon by 1.8% during the fourth quarter. Wedbush Securities Inc. now owns 19,399 shares of the company's stock valued at $730,000 after purchasing an additional 342 shares during the period. Institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $43.10 on Wednesday. The company has a 50 day moving average of $44.40 and a 200 day moving average of $42.42. 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 stock has a market cap of $43.51 billion, a P/E ratio of 16.02, a P/E/G ratio of 2.49 and a beta of 0.39. 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 released its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. As a group, sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.71%. Exelon's dividend payout ratio (DPR) is presently 59.48%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXC shares. Wells Fargo & Company increased their price target on 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 increased their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. UBS Group reissued a "neutral" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a research report on Monday, June 2nd. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a research note on Wednesday, May 14th. Finally, Evercore ISI lifted their price objective 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 research 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 company currently 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.

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