Rockland Trust Co. Acquires New Stake in Exelon Co. (NASDAQ:EXC)

Rockland Trust Co. purchased a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 9,659 shares of the company's stock, valued at approximately $445,000.

A number of other large investors have also recently bought and sold shares of EXC. Ameriflex Group Inc. acquired a new stake in Exelon in the fourth quarter worth $25,000. Millstone Evans Group LLC bought a new position in shares of Exelon during the 4th quarter worth about $28,000. Capital Advisors Ltd. LLC boosted its position 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Exelon in the 4th quarter valued at about $36,000. Finally, Stonebridge Financial Group LLC bought a new stake in Exelon in the 4th quarter valued at about $40,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Down 0.9%

EXC stock traded down $0.39 during trading on Friday, reaching $43.25. The stock had a trading volume of 5,163,805 shares, compared to its average volume of 7,342,843. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $43.66 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The company's 50 day moving average is $44.78 and its two-hundred day moving average is $42.20.

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

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio (DPR) is currently 59.48%.

Analyst Ratings Changes

Several research analysts have issued reports on EXC shares. UBS Group reiterated a "neutral" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. BMO Capital Markets increased their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barclays lifted their price target on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Evercore ISI upped their price objective 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, Guggenheim lifted their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $47.40.

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.