Burney Co. Acquires 8,928 Shares of Exelon Co. (NASDAQ:EXC)

Burney Co. increased its stake in Exelon Co. (NASDAQ:EXC) by 35.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,176 shares of the company’s stock after acquiring an additional 8,928 shares during the quarter. Burney Co.’s holdings in Exelon were worth $1,286,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. raised its stake in Exelon by 192.7% during the 2nd quarter. Federated Hermes Inc. now owns 16,856 shares of the company’s stock worth $583,000 after buying an additional 11,098 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Exelon by 11.2% during the second quarter. J.W. Cole Advisors Inc. now owns 10,407 shares of the company’s stock worth $360,000 after purchasing an additional 1,050 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Exelon by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock worth $112,364,000 after purchasing an additional 237,950 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in Exelon by 37.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 16,604 shares of the company’s stock valued at $575,000 after purchasing an additional 4,517 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its stake in Exelon by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 206,043 shares of the company’s stock valued at $7,123,000 after purchasing an additional 1,653 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC opened at $39.34 on Friday. The stock has a 50 day moving average of $37.95 and a 200 day moving average of $38.15. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.19. The company has a market capitalization of $39.53 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 2.48 and a beta of 0.55.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. As a group, sell-side analysts forecast that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Exelon’s payout ratio is currently 62.55%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXC. UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Scotiabank raised their price target on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Jefferies Financial Group started coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley cut their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average price target of $42.38.

Exelon Company 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.