Exelon Corporation (NASDAQ:EXC) Holdings Boosted by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC raised its stake in Exelon Corporation (NASDAQ:EXC) by 3.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,220 shares of the company’s stock after acquiring an additional 267 shares during the period. Resonant Capital Advisors LLC’s holdings in Exelon were worth $333,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EXC. Ameriflex Group Inc. acquired a new position in Exelon during the 4th quarter valued at approximately $25,000. Millstone Evans Group LLC acquired a new position in shares of Exelon during the fourth quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in shares of Exelon during the fourth quarter worth about $36,000. CoreFirst Bank & Trust acquired a new stake in shares of Exelon in the 4th quarter worth about $40,000. Finally, Redwood Park Advisors LLC bought a new stake in Exelon in the 4th quarter valued at about $44,000. 80.92% of the stock is owned by institutional investors.

Exelon Price Performance

EXC opened at $43.25 on Friday. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $43.66 billion, a P/E ratio of 16.08, a PEG ratio of 2.48 and a beta of 0.39. The stock has a fifty day moving average of $43.86 and a 200-day moving average of $42.68.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Monday, May 12th. Exelon’s payout ratio is presently 59.48%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. UBS Group reaffirmed a “neutral” rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. Evercore ISI boosted their price target on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research report on Friday, May 2nd. Wells Fargo & Company raised their price target on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a 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 for the company 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 given a buy rating to the stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $47.40.

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.