NorthRock Partners LLC Purchases New Stake in Exelon Co. (NASDAQ:EXC)

NorthRock Partners LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,182 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Exelon during the 4th quarter valued at $28,000. Stephens Consulting LLC raised its holdings in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock worth $29,000 after purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in Exelon in the 4th quarter worth $30,000. Crews Bank & Trust bought a new position in Exelon in the 4th quarter worth $34,000. Finally, Capital Advisors Ltd. LLC raised its holdings in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after purchasing an additional 513 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the subject of several research reports. Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Guggenheim upped their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Evercore ISI upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Finally, Morgan Stanley upped their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus target price of $47.30.

Exelon Stock Up 1.5%

Shares of Exelon stock opened at $44.09 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The company has a 50-day moving average of $45.23 and a 200 day moving average of $41.56. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.86 and a beta of 0.43. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. Exelon’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. As a group, sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, May 12th. Exelon’s dividend payout ratio (DPR) is 59.48%.

About Exelon

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.