Redhawk Wealth Advisors Inc. Acquires 19,978 Shares of Exelon Co. (NASDAQ:EXC)

Redhawk Wealth Advisors Inc. raised its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 332.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,996 shares of the company's stock after acquiring an additional 19,978 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Exelon were worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXC. Ameriflex Group Inc. purchased a new position in shares of Exelon in the 4th quarter worth about $25,000. Millstone Evans Group LLC bought a new position in shares of Exelon during the 4th quarter valued at approximately $28,000. Capital Advisors Ltd. LLC increased its stake in shares of Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after purchasing an additional 513 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Exelon in the 4th quarter worth approximately $36,000. Finally, Stonebridge Financial Group LLC purchased a new position in Exelon in the fourth quarter valued at approximately $40,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Up 1.2%

NASDAQ EXC traded up $0.52 during trading on Thursday, hitting $43.40. 2,917,272 shares of the company's stock traded hands, compared to its average volume of 7,983,960. The stock has a fifty day moving average of $44.83 and a two-hundred day moving average of $42.14. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11. The firm has a market cap of $43.81 billion, a P/E ratio of 17.71, a PEG ratio of 2.86 and a beta of 0.39. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $6.30 billion. During the same quarter last year, the firm earned $0.68 EPS. The company's revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's payout ratio is currently 59.48%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EXC shares. UBS Group reissued a "neutral" rating and issued a $48.00 target price (up from $46.00) on shares of Exelon in a research report on Monday, June 2nd. Barclays boosted their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley reduced 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 note on Thursday, May 22nd. Guggenheim lifted their price objective 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, BMO Capital Markets raised their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Exelon currently has an average rating of "Hold" and a consensus target price of $47.40.

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.