New Age Alpha Advisors LLC Acquires 82,305 Shares of Exelon Corporation (NASDAQ:EXC)

Key Points

• New Age Alpha Advisors LLC increased its stake in Exelon Corporation by 93.5%, acquiring 82,305 shares to hold a total of 170,360 shares valued at approximately $7.85 million.
• Analysts have raised their price targets for Exelon, with Wells Fargo increasing its target from $46.00 to $50.00, reflecting a generally positive outlook despite mixed ratings.
• Exelon plans to distribute a quarterly dividend of $0.40 per share, representing an annual yield of 3.5%, with a payout ratio of 60.84%.

New Age Alpha Advisors LLC lifted its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 93.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 170,360 shares of the company's stock after purchasing an additional 82,305 shares during the period. New Age Alpha Advisors LLC's holdings in Exelon were worth $7,850,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in shares of Exelon during the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. grew its holdings in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after acquiring an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in Exelon in the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Exelon in the 1st quarter worth $42,000. Finally, Opal Wealth Advisors LLC bought a new stake in Exelon in the 1st quarter worth $50,000. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target 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. UBS Group reissued a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Morgan Stanley cut their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Evercore ISI raised their price target 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, BMO Capital Markets raised 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. One equities research 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.com, the company presently has an average rating of "Hold" and an average target price of $47.20.

Exelon Trading Up 1.1%

Shares of NASDAQ EXC opened at $45.17 on Tuesday. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The stock has a market cap of $45.60 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The firm has a 50-day moving average of $43.32 and a 200 day moving average of $43.67. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.47 billion. During the same period last year, the company posted $0.47 EPS. Exelon's revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio (DPR) is 60.84%.

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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