PharVision Advisers LLC Invests $435,000 in Exelon Co. (NASDAQ:EXC)

PharVision Advisers LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,563 shares of the company’s stock, valued at approximately $435,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Exelon during the fourth quarter valued at $479,597,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after buying an additional 7,483,873 shares during the period. FMR LLC grew its position in shares of Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after buying an additional 5,524,103 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Exelon by 43.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock valued at $483,525,000 after buying an additional 3,878,687 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after acquiring an additional 3,068,309 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EXC. Morgan Stanley lifted their target price on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Wells Fargo & Company boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. KeyCorp downgraded Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price objective for the company. in a research note on Wednesday, May 14th. BMO Capital Markets raised their target price on Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Finally, Evercore ISI boosted their price target on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a report on Friday, May 2nd. One equities 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $47.30.

Exelon Stock Down 0.3%

EXC opened at $44.26 on Wednesday. The stock’s 50 day moving average price is $45.28 and its 200 day moving average price is $41.64. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market cap of $44.68 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.86 and a beta of 0.43. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.30 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, research analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.62%. Exelon’s payout ratio is 59.48%.

Exelon 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.