Sanctuary Advisors LLC Takes $1.22 Million Position in Exelon Co. (NASDAQ:EXC)

Sanctuary Advisors LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 32,544 shares of the company’s stock, valued at approximately $1,215,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Exelon by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after purchasing an additional 156,201 shares during the last quarter. Czech National Bank lifted its holdings in Exelon by 8.8% in the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after purchasing an additional 15,389 shares during the last quarter. Sciencast Management LP acquired a new stake in Exelon in the 1st quarter worth approximately $1,461,000. Finally, Acadian Asset Management LLC acquired a new stake in Exelon in the 1st quarter worth approximately $681,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXC has been the subject of several research reports. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group increased their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley increased their price objective on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Exelon has a consensus rating of “Hold” and a consensus target price of $41.08.

Exelon Stock Performance

Exelon stock opened at $39.27 on Friday. 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 stock has a fifty day moving average price of $38.84 and a two-hundred day moving average price of $37.38. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The firm has a market capitalization of $39.27 billion, a P/E ratio of 16.93, a P/E/G ratio of 2.96 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.87%. Exelon’s dividend 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.