UNIVEST FINANCIAL Corp Decreases Stake in Exelon Corporation $EXC

UNIVEST FINANCIAL Corp decreased its position in Exelon Corporation (NASDAQ:EXC) by 47.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,845 shares of the company’s stock after selling 4,355 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Exelon were worth $210,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC increased its stake in Exelon by 100.0% in the 2nd quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after buying an additional 335 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon during the 1st quarter worth approximately $34,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Exelon during the 2nd quarter worth approximately $39,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon during the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.3%

Exelon stock opened at $47.07 on Friday. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51. The firm has a market capitalization of $47.54 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.93 and a beta of 0.40. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a 50 day simple moving average of $45.19 and a 200 day simple moving average of $44.57.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the business earned $0.47 EPS. Exelon’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 60.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group set a $57.00 price target on shares of Exelon in a research note on Wednesday, October 15th. Barclays raised their price target on shares of Exelon from $48.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Evercore ISI assumed coverage on shares of Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price target for the company. Wells Fargo & Company upgraded shares of Exelon to a “strong-buy” rating in a research note on Tuesday. Finally, UBS Group raised their price target on shares of Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.55.

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.