Benjamin Edwards Inc. Raises Position in Exelon Co. (NASDAQ:EXC)

Benjamin Edwards Inc. grew its position in shares of Exelon Co. (NASDAQ:EXC) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,840 shares of the company’s stock after buying an additional 863 shares during the quarter. Benjamin Edwards Inc.’s holdings in Exelon were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gladstone Institutional Advisory LLC lifted its stake in Exelon by 13.5% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 7,243 shares of the company’s stock valued at $260,000 after acquiring an additional 864 shares during the period. Wells Fargo & Company MN boosted its holdings in Exelon by 5.6% in the fourth quarter. Wells Fargo & Company MN now owns 847,610 shares of the company’s stock worth $30,429,000 after purchasing an additional 44,982 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Exelon by 1.8% in the fourth quarter. D.A. Davidson & CO. now owns 23,016 shares of the company’s stock worth $826,000 after purchasing an additional 414 shares during the last quarter. Assetmark Inc. grew its position in Exelon by 42.5% in the 4th quarter. Assetmark Inc. now owns 28,175 shares of the company’s stock worth $1,011,000 after purchasing an additional 8,400 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Exelon by 86.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,783 shares of the company’s stock valued at $64,000 after buying an additional 825 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EXC. Scotiabank raised their price target on Exelon from $37.00 to $40.00 and gave the stock 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 stock an “equal weight” rating in a research report on Friday, August 2nd. Barclays upped their price target on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Morgan Stanley raised their price objective on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Finally, Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday. They set a “buy” rating and a $46.00 target price for the company. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.83.

Exelon Stock Performance

Shares of Exelon stock opened at $40.27 on Friday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a market capitalization of $40.29 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The stock’s fifty day moving average is $37.83 and its two-hundred day moving average is $37.05. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter last year, the firm posted $0.41 EPS. As a group, analysts expect that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.77%. Exelon’s payout ratio is currently 65.52%.

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.