Apollon Wealth Management LLC Raises Stock Position in Exelon Co. (NASDAQ:EXC)

Apollon Wealth Management LLC lifted its holdings in Exelon Co. (NASDAQ:EXC) by 25.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,448 shares of the company’s stock after buying an additional 2,356 shares during the period. Apollon Wealth Management LLC’s holdings in Exelon were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Blair William & Co. IL raised its position in Exelon by 5.2% during the first quarter. Blair William & Co. IL now owns 28,482 shares of the company’s stock valued at $1,070,000 after purchasing an additional 1,406 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Exelon by 7.5% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,001 shares of the company’s stock valued at $225,000 after buying an additional 420 shares during the period. Intech Investment Management LLC lifted its position in Exelon by 7.0% in the first quarter. Intech Investment Management LLC now owns 43,490 shares of the company’s stock worth $1,634,000 after buying an additional 2,846 shares during the last quarter. Vanguard Group Inc. boosted its stake in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Exelon during the first quarter valued at $681,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EXC. Wells Fargo & Company raised their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Scotiabank boosted their target price 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 upped their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Finally, Barclays upped their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.33.

Exelon Stock Up 2.6 %

Exelon stock opened at $39.11 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market cap of $39.30 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.72 and a beta of 0.54. The business has a fifty day moving average of $39.68 and a two-hundred day moving average of $37.79. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the business posted $0.67 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is currently 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.