Sagespring Wealth Partners LLC Makes New Investment in Exelon Corporation (NASDAQ:EXC)

Sagespring Wealth Partners LLC acquired a new position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,474 shares of the company's stock, valued at approximately $437,000.

Other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in Exelon during the 4th quarter worth about $25,000. Millstone Evans Group LLC acquired a new stake in Exelon during the 4th quarter worth about $28,000. Capital Advisors Ltd. LLC boosted its position in 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 acquiring an additional 513 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Exelon during the 4th quarter worth about $36,000. Finally, CoreFirst Bank & Trust purchased a new stake in shares of Exelon during the 4th quarter worth about $40,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Down 0.0%

Shares of EXC stock opened at $42.37 on Thursday. The stock's 50 day simple moving average is $44.67 and its 200 day simple moving average is $42.26. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. Exelon Corporation has a twelve month low of $34.01 and a twelve month high of $48.11. The company has a market capitalization of $42.77 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 2.45 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.29% and a net margin of 11.44%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same period last year, the business earned $0.68 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. As a group, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Monday, May 12th. Exelon's payout ratio is 59.48%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EXC shares. Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. BMO Capital Markets raised their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. UBS Group reaffirmed a "neutral" rating and set a $48.00 price target (up from $46.00) on shares of Exelon in a research note on Monday, June 2nd. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a research note on Wednesday, May 14th. Finally, Evercore ISI raised their price target on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Exelon presently has a consensus rating of "Hold" and an average price target of $47.40.

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.

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