Wealth Enhancement Advisory Services LLC lowered its holdings in Exelon Corporation (NASDAQ:EXC – Free Report) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 572,116 shares of the company’s stock after selling 49,603 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Exelon were worth $25,198,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in EXC. LRI Investments LLC boosted its stake in shares of Exelon by 210.8% in the third quarter. LRI Investments LLC now owns 578 shares of the company’s stock valued at $26,000 after buying an additional 392 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Exelon in the 2nd quarter valued at $29,000. Root Financial Partners LLC acquired a new position in Exelon in the 3rd quarter valued at $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Exelon during the 3rd quarter valued at $32,000. Finally, Motco lifted its position in shares of Exelon by 1,008.7% during the 3rd quarter. Motco now owns 765 shares of the company’s stock valued at $34,000 after acquiring an additional 696 shares during the period. 80.92% of the stock is owned by institutional investors.
Exelon Trading Up 0.3%
Shares of Exelon stock opened at $47.29 on Wednesday. The firm’s 50 day moving average is $46.82 and its 200 day moving average is $45.67. The firm has a market capitalization of $48.39 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 2.74 and a beta of 0.45. Exelon Corporation has a 1 year low of $41.71 and a 1 year high of $50.65. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 1.66.
Exelon Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, March 2nd were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd. This is a positive change from Exelon’s previous quarterly dividend of $0.40. Exelon’s dividend payout ratio is currently 61.54%.
Analysts Set New Price Targets
A number of research analysts recently commented on EXC shares. UBS Group raised their price target on Exelon from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Barclays cut their price objective on shares of Exelon from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Morgan Stanley reissued an “underperform” rating and issued a $51.00 target price on shares of Exelon in a report on Wednesday, January 21st. Jefferies Financial Group dropped their target price on shares of Exelon from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Finally, BMO Capital Markets increased their price target on shares of Exelon from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Eight equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.93.
View Our Latest Research Report on EXC
About Exelon
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
Featured Stories
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC – Free Report).
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.
