Wealthfront Advisers LLC Purchases 238,180 Shares of Exelon Corporation (NASDAQ:EXC)

Wealthfront Advisers LLC grew its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 364.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 303,504 shares of the company's stock after acquiring an additional 238,180 shares during the quarter. Wealthfront Advisers LLC's holdings in Exelon were worth $13,985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. purchased a new stake in shares of Exelon in the fourth quarter valued at $25,000. Millstone Evans Group LLC purchased a new stake in shares of Exelon in the fourth quarter valued at $28,000. CoreFirst Bank & Trust purchased a new stake in shares of Exelon in the fourth quarter valued at $40,000. Redwood Park Advisors LLC purchased a new position in Exelon in the 4th quarter worth about $44,000. Finally, Opal Wealth Advisors LLC purchased a new position in Exelon in the 1st quarter worth about $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on EXC shares. KeyCorp dropped their target price on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday. Evercore ISI boosted their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their price target on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley lowered their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Finally, Guggenheim boosted their price target on 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 assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $47.20.

Exelon Stock Up 1.0%

NASDAQ EXC traded up $0.45 during trading on Friday, reaching $43.40. 5,669,651 shares of the company's stock traded hands, compared to its average volume of 7,052,818. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. The firm has a market cap of $43.81 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.39. The company's 50 day simple moving average is $43.19 and its two-hundred day simple moving average is $43.13. Exelon Corporation has a 12-month low of $35.84 and a 12-month high of $48.11.

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

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 3.69%. The ex-dividend date was Monday, May 12th. Exelon's dividend payout ratio is currently 59.48%.

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.