Exelon Co. (NASDAQ:EXC) Holdings Boosted by Stonegate Investment Group LLC

Stonegate Investment Group LLC raised its stake in Exelon Co. (NASDAQ:EXC) by 14.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,090 shares of the company’s stock after acquiring an additional 1,551 shares during the period. Stonegate Investment Group LLC’s holdings in Exelon were worth $490,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EXC. Crewe Advisors LLC acquired a new position in Exelon during the 1st quarter valued at approximately $26,000. American National Bank & Trust boosted its holdings in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares during the period. Register Financial Advisors LLC bought a new position in shares of Exelon during the first quarter worth about $26,000. Versant Capital Management Inc increased its holdings in shares of Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after acquiring an additional 672 shares during the period. Finally, J.Safra Asset Management Corp bought a new stake in Exelon in the 2nd quarter valued at about $28,000. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the topic of several analyst reports. Scotiabank raised their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Barclays boosted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Stock Up 0.4 %

EXC stock opened at $40.95 on Friday. The firm has a market cap of $40.97 billion, a PE ratio of 16.85, a P/E/G ratio of 2.89 and a beta of 0.53. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $39.17 and a 200 day simple moving average of $37.52.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the firm earned $0.41 EPS. Equities research analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.71%. Exelon’s payout ratio is presently 62.55%.

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.