Summit Trail Advisors LLC Purchases 10,271 Shares of Exelon Corporation (NASDAQ:EXC)

Summit Trail Advisors LLC raised its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 55.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,755 shares of the company's stock after acquiring an additional 10,271 shares during the period. Summit Trail Advisors LLC's holdings in Exelon were worth $1,325,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EXC. Allianz SE acquired a new stake in shares of Exelon in the fourth quarter valued at approximately $5,953,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Exelon by 141.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after buying an additional 157,548 shares in the last quarter. IFP Advisors Inc raised its position in shares of Exelon by 71.9% in the fourth quarter. IFP Advisors Inc now owns 3,547 shares of the company's stock valued at $134,000 after buying an additional 1,483 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Exelon in the first quarter valued at approximately $6,795,000. Finally, Schroder Investment Management Group raised its position in shares of Exelon by 86.7% in the fourth quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company's stock valued at $59,329,000 after buying an additional 732,355 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on EXC shares. BMO Capital Markets lifted their price target 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. Guggenheim lifted their price target 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. Evercore ISI boosted their price objective 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. Morgan Stanley reduced their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Finally, KeyCorp lowered Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.40.

Exelon Price Performance

Shares of EXC traded up $0.33 during midday trading on Thursday, hitting $43.25. The company's stock had a trading volume of 3,602,321 shares, compared to its average volume of 7,118,265. Exelon Corporation has a one year low of $34.01 and a one year high of $48.11. The company's fifty day simple moving average is $43.86 and its two-hundred day simple moving average is $42.68. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $43.66 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 2.48 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, topping analysts' consensus estimates of $0.86 by $0.06. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. Exelon's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, equities analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. Exelon's dividend payout ratio is currently 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.