N.E.W. Advisory Services LLC Makes New Investment in Exelon Corporation (NASDAQ:EXC)

N.E.W. Advisory Services LLC purchased a new stake in shares of Exelon Corporation (NASDAQ:EXC) in the first quarter, HoldingsChannel reports. The firm purchased 1,942 shares of the company’s stock, valued at approximately $89,000.

A number of other institutional investors have also made changes to their positions in EXC. Blair William & Co. IL lifted its position in shares of Exelon by 4.5% during the 4th quarter. Blair William & Co. IL now owns 42,568 shares of the company’s stock worth $1,602,000 after buying an additional 1,829 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Exelon by 12.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 16,318 shares of the company’s stock worth $623,000 after buying an additional 1,784 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Exelon by 37.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 70,051 shares of the company’s stock valued at $2,637,000 after purchasing an additional 19,094 shares during the last quarter. StoneX Group Inc. raised its position in Exelon by 14.4% in the 4th quarter. StoneX Group Inc. now owns 36,753 shares of the company’s stock valued at $1,383,000 after purchasing an additional 4,613 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Exelon by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company’s stock valued at $988,080,000 after purchasing an additional 368,505 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXC. Morgan Stanley reduced their price target on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. UBS Group reissued a “neutral” rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Wells Fargo & Company upped their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Finally, Guggenheim increased their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One investment 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’s stock. According to data from MarketBeat, Exelon has a consensus rating of “Hold” and an average price target of $47.20.

Exelon Trading Down 0.1%

NASDAQ EXC opened at $44.26 on Thursday. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company’s 50 day moving average price is $43.24 and its 200 day moving average price is $43.47. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The firm has a market capitalization of $44.68 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.60 and a beta of 0.39.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm 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%. Exelon’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. On average, sell-side analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. Exelon’s dividend payout ratio is currently 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.