Carret Asset Management LLC Has $259,000 Holdings in Exelon Co. (NASDAQ:EXC)

Carret Asset Management LLC raised its position in Exelon Co. (NASDAQ:EXC) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,204 shares of the company’s stock after purchasing an additional 650 shares during the quarter. Carret Asset Management LLC’s holdings in Exelon were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Addison Advisors LLC raised its stake in shares of Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. MCF Advisors LLC grew its holdings in shares of Exelon by 10.5% in the 3rd quarter. MCF Advisors LLC now owns 2,936 shares of the company’s stock valued at $111,000 after acquiring an additional 278 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Exelon by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock valued at $265,000 after acquiring an additional 303 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Exelon by 4.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,088 shares of the company’s stock valued at $268,000 after acquiring an additional 309 shares in the last quarter. Finally, Abundance Wealth Counselors grew its holdings in shares of Exelon by 2.2% in the 3rd quarter. Abundance Wealth Counselors now owns 15,855 shares of the company’s stock valued at $599,000 after acquiring an additional 339 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 0.2 %

Shares of Exelon stock traded down $0.09 during trading on Thursday, hitting $37.68. The company’s stock had a trading volume of 1,257,896 shares, compared to its average volume of 6,575,294. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.54. The stock has a market cap of $37.66 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The stock has a 50-day moving average price of $36.63 and a two-hundred day moving average price of $37.11.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Exelon’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts anticipate that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.38 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.03%. Exelon’s payout ratio is currently 65.24%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank decreased their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday. Bank of America dropped their price target on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Wells Fargo & Company lowered their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Barclays boosted their price objective on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.92.

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.