US Asset Management LLC Invests $202,000 in Exelon Corporation (NASDAQ:EXC)

US Asset Management LLC bought a new position in Exelon Corporation (NASDAQ:EXC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,393 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in Exelon during the fourth quarter worth about $25,000. Millstone Evans Group LLC purchased a new position in Exelon in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in Exelon in the 4th quarter worth about $36,000. CoreFirst Bank & Trust bought a new position in Exelon during the 4th quarter valued at about $40,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon during the 1st quarter valued at about $50,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Price Performance

NASDAQ:EXC opened at $43.25 on Friday. The business’s 50-day moving average is $43.80 and its 200 day moving average is $42.77. Exelon Corporation has a 12 month low of $34.01 and a 12 month high of $48.11. The company has a market capitalization of $43.66 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.49 and a beta of 0.39. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.92 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 company 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 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Monday, May 12th. Exelon’s dividend payout ratio is currently 59.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a report on Friday, May 2nd. Morgan Stanley cut their price objective on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, May 22nd. UBS Group reissued a “neutral” rating and issued a $48.00 target price (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. KeyCorp downgraded Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target for the company. in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company upped their price target on shares of Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $47.40.

Exelon 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.