ICA Group Wealth Management LLC Takes $52,000 Position in Exelon Co. (NASDAQ:EXC)

ICA Group Wealth Management LLC acquired a new position in Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,440 shares of the company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Addison Advisors LLC boosted its stake in shares of Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after acquiring an additional 276 shares during the last quarter. Moors & Cabot Inc. lifted its position in Exelon by 4.5% during the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock valued at $265,000 after purchasing an additional 303 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in Exelon by 4.6% during the third quarter. Verdence Capital Advisors LLC now owns 7,088 shares of the company’s stock valued at $268,000 after purchasing an additional 309 shares during the period. Abundance Wealth Counselors increased its position in Exelon by 2.2% in the third quarter. Abundance Wealth Counselors now owns 15,855 shares of the company’s stock worth $599,000 after buying an additional 339 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its stake in shares of Exelon by 6.2% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock worth $212,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 1.1 %

EXC stock traded up $0.40 during midday trading on Monday, reaching $37.72. The company’s stock had a trading volume of 3,301,748 shares, compared to its average volume of 6,554,980. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53. The firm has a market capitalization of $37.70 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.72 and a beta of 0.54. The stock has a fifty day simple moving average of $36.79 and a two-hundred day simple moving average of $37.05. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. On average, equities research analysts predict that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.38 per share. This is an increase from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.03%. Exelon’s dividend payout ratio is presently 65.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Seaport Res Ptn downgraded Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Barclays boosted their target price on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. Scotiabank reduced their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Bank of America lowered their price objective on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.92.

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.