Summit Trail Advisors LLC Increases Position in Exelon Corporation (NASDAQ:EXC)

Summit Trail Advisors LLC grew its holdings in Exelon Corporation (NASDAQ:EXC) by 55.6% during the first quarter, HoldingsChannel reports. The firm owned 28,755 shares of the company’s stock after acquiring an additional 10,271 shares during the period. Summit Trail Advisors LLC’s holdings in Exelon were worth $1,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EXC. Mather Group LLC. boosted its position in shares of Exelon by 26.0% during the 1st quarter. Mather Group LLC. now owns 5,378 shares of the company’s stock valued at $248,000 after acquiring an additional 1,111 shares during the last quarter. Alta Advisers Ltd purchased a new position in Exelon during the first quarter worth about $231,000. Canandaigua National Bank & Trust Co. purchased a new position in Exelon during the first quarter worth about $225,000. Amalgamated Bank boosted its holdings in Exelon by 1.3% in the 1st quarter. Amalgamated Bank now owns 197,224 shares of the company’s stock valued at $9,088,000 after purchasing an additional 2,570 shares during the last quarter. Finally, Essex Financial Services Inc. purchased a new stake in shares of Exelon in the 1st quarter valued at approximately $260,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

EXC stock opened at $43.41 on Wednesday. The business’s fifty day moving average price is $44.00 and its 200 day moving average price is $42.63. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $43.82 billion, a PE ratio of 16.14, a P/E/G ratio of 2.51 and a beta of 0.39.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Monday, May 12th. Exelon’s payout ratio is currently 59.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EXC shares. UBS Group reaffirmed a “neutral” rating and set a $48.00 price target (up previously from $46.00) on shares of Exelon in a research report on Monday, June 2nd. KeyCorp cut Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 target price for the company. in a research note on Wednesday, May 14th. Wells Fargo & Company upped their price target on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Guggenheim raised their price objective on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Morgan Stanley reduced their price objective on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.40.

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.