Aurora Private Wealth Inc. Makes New $229,000 Investment in Exelon Corporation (NASDAQ:EXC)

Aurora Private Wealth Inc. purchased a new position in Exelon Corporation (NASDAQ:EXC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,979 shares of the company’s stock, valued at approximately $229,000.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Exelon during the 4th quarter worth about $479,597,000. Price T Rowe Associates Inc. MD raised its holdings in Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares in the last quarter. FMR LLC lifted its position in Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company’s stock worth $651,422,000 after purchasing an additional 5,524,103 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Exelon by 43.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXC has been the subject of several research analyst reports. Evercore ISI upped their price objective on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a report on Friday, May 2nd. Guggenheim boosted their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. UBS Group reissued a “neutral” rating and issued a $48.00 price target (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. Morgan Stanley lowered their price objective on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $47.40.

Exelon Stock Performance

Exelon stock opened at $42.29 on Thursday. Exelon Corporation has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The firm’s 50 day simple moving average is $44.31 and its 200-day simple moving average is $42.42. 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 company has a market cap of $42.69 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping 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 firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared 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. This represents a $1.60 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Monday, May 12th. Exelon’s payout ratio is 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.