Arkadios Wealth Advisors Acquires New Shares in Exelon Co. (NASDAQ:EXC)

Arkadios Wealth Advisors bought a new position in shares of Exelon Co. (NASDAQ:EXC) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 5,334 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Vanguard Group Inc. increased 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 valued at $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Exelon by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after acquiring an additional 156,201 shares during the period. Czech National Bank grew its position in Exelon by 8.8% in the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after acquiring an additional 15,389 shares in the last quarter. Sciencast Management LP purchased a new stake in Exelon during the first quarter worth about $1,461,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Exelon during the first quarter worth about $681,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on EXC. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. UBS Group increased their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Morgan Stanley boosted their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.33.

Exelon Stock Down 1.0 %

EXC stock opened at $39.30 on Friday. The stock has a market cap of $39.32 billion, a P/E ratio of 16.17, a PEG ratio of 2.90 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The company’s 50 day moving average is $39.65 and its two-hundred day moving average is $37.70.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business earned $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts expect that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.87%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.