Eagle Wealth Strategies LLC Buys Shares of 4,966 Exelon Co. (NASDAQ:EXC)

Eagle Wealth Strategies LLC bought a new position in shares of Exelon Co. (NASDAQ:EXC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,966 shares of the company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of Exelon in the fourth quarter worth $25,000. Millstone Evans Group LLC bought a new stake in Exelon in the 4th quarter valued at $28,000. Capital Advisors Ltd. LLC lifted its stake in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Exelon during the 4th quarter valued at about $36,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Exelon during the fourth quarter valued at about $40,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EXC. Guggenheim increased their price target on shares of Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Scotiabank lifted their target price on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Evercore ISI increased 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. Barclays raised their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets boosted their price objective 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.40.

Exelon Stock Performance

EXC stock opened at $42.62 on Friday. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. 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 company has a market capitalization of $43.03 billion, a P/E ratio of 17.40, a PEG ratio of 2.86 and a beta of 0.40. The business has a 50-day moving average price of $45.04 and a 200 day moving average price of $42.09.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Monday, May 12th. Exelon’s dividend payout ratio (DPR) is presently 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.