PharVision Advisers LLC Invests $435,000 in Exelon Co. (NASDAQ:EXC)

PharVision Advisers LLC acquired a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,563 shares of the company's stock, valued at approximately $435,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after purchasing an additional 3,068,309 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Exelon by 13.5% during the fourth quarter. Park Avenue Securities LLC now owns 19,654 shares of the company's stock worth $740,000 after buying an additional 2,336 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Exelon during the fourth quarter worth approximately $205,000. Arkadios Wealth Advisors lifted its holdings in shares of Exelon by 43.3% during the fourth quarter. Arkadios Wealth Advisors now owns 7,645 shares of the company's stock worth $288,000 after buying an additional 2,311 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Exelon by 37.8% during the fourth quarter. HB Wealth Management LLC now owns 24,322 shares of the company's stock worth $915,000 after buying an additional 6,672 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXC. BMO Capital Markets boosted 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. Morgan Stanley decreased their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday. Wells Fargo & Company increased their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Guggenheim increased their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Scotiabank upped 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. One research 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 presently has an average rating of "Hold" and an average price target of $47.30.

Exelon Price Performance

NASDAQ:EXC traded up $0.25 during mid-day trading on Friday, hitting $43.67. The company's stock had a trading volume of 9,679,452 shares, compared to its average volume of 7,303,596. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $44.09 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 2.86 and a beta of 0.43. The stock has a fifty day moving average of $45.25 and a 200-day moving average of $41.73.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating 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 return on equity of 9.52% and a net margin of 10.68%. The company's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. As a group, equities analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.66%. Exelon's payout ratio is presently 59.48%.

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.