Resonant Capital Advisors LLC Acquires Shares of 5,724 Exelon Co. (NASDAQ:EXC)

Resonant Capital Advisors LLC bought a new stake in Exelon Co. (NASDAQ:EXC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 5,724 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares during the period. Vanguard Group Inc. grew its position in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after purchasing an additional 3,115,763 shares during the period. Swedbank AB bought a new stake in Exelon during the first quarter valued at $96,859,000. Finally, M&G Plc purchased a new position in Exelon during the first quarter worth about $89,266,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXC. UBS Group upped their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Morgan Stanley raised their price objective on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Exelon has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Trading Down 1.1 %

EXC opened at $40.50 on Tuesday. Exelon Co. has a one year low of $33.35 and a one year 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 business has a 50 day simple moving average of $39.24 and a two-hundred day simple moving average of $37.54. The firm has a market capitalization of $40.50 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.89 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its earnings results 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 company earned $0.41 earnings per share. Analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.75%. Exelon’s dividend payout ratio is 65.52%.

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.