Marshall Financial Group LLC Has $498,000 Holdings in Exelon Co. (NASDAQ:EXC)

Marshall Financial Group LLC reduced its stake in shares of Exelon Co. (NASDAQ:EXC) by 18.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,384 shares of the company’s stock after selling 3,289 shares during the period. Marshall Financial Group LLC’s holdings in Exelon were worth $498,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EXC. Lazard Asset Management LLC lifted 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 purchasing an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Exelon by 16.3% in the first 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 during the period. Norges Bank acquired a new stake in shares of Exelon in the fourth quarter worth $382,015,000. Swedbank AB bought a new stake in shares of Exelon during the 1st quarter worth $96,859,000. Finally, Wellington Management Group LLP grew its stake in Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock valued at $3,343,945,000 after buying an additional 2,352,547 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. BMO Capital Markets raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Morgan Stanley lowered their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Scotiabank lowered their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, Barclays raised their target price on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $39.27.

Exelon Stock Performance

NASDAQ EXC opened at $37.61 on Monday. 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 market capitalization of $37.63 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 2.69 and a beta of 0.52. The company’s fifty day moving average is $35.96 and its two-hundred day moving average is $36.43. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $42.15.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping 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 net margin of 10.65% and a return on equity of 9.40%. During the same period last year, the firm earned $0.41 EPS. Equities research analysts forecast that Exelon Co. will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Monday, August 12th. Exelon’s 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.