PTM Wealth Management LLC Purchases New Stake in Exelon Corporation (NASDAQ:EXC)

Key Points

• PTM Wealth Management LLC made a new investment in Exelon Corporation, purchasing 13,422 shares valued at approximately $597,000, making Exelon the firm's 20th largest holding.
• Recent analyst reports show mixed sentiments on Exelon, with price targets ranging from $46.00 to $51.00, while the stock maintains a consensus rating of "Hold" with an average target price of $47.20.
• Exelon declared a quarterly dividend of $0.40 per share, translating to a 3.64% dividend yield, with a payout ratio of 59.48%.

PTM Wealth Management LLC purchased a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,422 shares of the company's stock, valued at approximately $597,000. Exelon makes up approximately 0.6% of PTM Wealth Management LLC's portfolio, making the stock its 20th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Providence Wealth Advisors LLC raised its holdings in Exelon by 0.6% in the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock valued at $1,802,000 after buying an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares during the last quarter. CWM LLC increased its position in Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after purchasing an additional 226 shares during the period. Catalyst Financial Partners LLC increased its position in Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock valued at $450,000 after purchasing an additional 230 shares during the period. Finally, Centre Asset Management LLC increased its position in Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after purchasing an additional 233 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Up 1.0%

Shares of EXC stock traded up $0.43 during trading hours on Thursday, hitting $44.69. 5,451,191 shares of the company were exchanged, compared to its average volume of 7,424,451. The firm has a market cap of $45.11 billion, a P/E ratio of 16.62, a P/E/G ratio of 2.60 and a beta of 0.39. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The company has a 50 day simple moving average of $43.24 and a two-hundred day simple moving average of $43.47.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is currently 59.48%.

Analysts Set New Price Targets

A number of analysts have weighed in on EXC shares. 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 report on Friday, May 2nd. Morgan Stanley decreased their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Evercore ISI increased their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. KeyCorp decreased their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Finally, BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $47.20.

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.