NorthRock Partners LLC Invests $308,000 in Exelon Co. (NASDAQ:EXC)

NorthRock Partners LLC bought a new stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,182 shares of the company's stock, valued at approximately $308,000.

Other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its holdings in Exelon by 20.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after acquiring an additional 279,827 shares in the last quarter. Greenup Street Wealth Management LLC bought a new stake in Exelon in the fourth quarter worth $2,274,000. Principal Securities Inc. grew its position in Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock valued at $851,000 after purchasing an additional 2,160 shares during the last quarter. Busey Bank raised its holdings in Exelon by 4.0% in the 4th quarter. Busey Bank now owns 326,105 shares of the company's stock worth $12,275,000 after acquiring an additional 12,530 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Exelon by 13.5% in the fourth quarter. Park Avenue Securities LLC now owns 19,654 shares of the company's stock worth $740,000 after purchasing an additional 2,336 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wells Fargo & Company boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Scotiabank boosted their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Guggenheim raised their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Barclays upped their price target on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $47.30.

Exelon Trading Down 0.2%

Exelon stock traded down $0.07 during mid-day trading on Wednesday, hitting $44.19. The company's stock had a trading volume of 6,893,450 shares, compared to its average volume of 7,288,089. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The stock has a market cap of $44.61 billion, a PE ratio of 18.04, a P/E/G ratio of 2.86 and a beta of 0.43. The company has a 50 day moving average of $45.28 and a 200-day moving average of $41.64. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

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

Exelon Announces Dividend

The business 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 $0.40 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.62%. Exelon's dividend payout ratio (DPR) is presently 59.48%.

Exelon Company 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.