Wealth Enhancement Advisory Services LLC Boosts Position in Exelon Co. (NASDAQ:EXC)

Wealth Enhancement Advisory Services LLC raised its position in shares of Exelon Co. (NASDAQ:EXC) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 115,509 shares of the company’s stock after purchasing an additional 437 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Exelon were worth $4,684,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXC. Ashton Thomas Private Wealth LLC bought a new position in shares of Exelon in the second quarter worth about $41,000. DekaBank Deutsche Girozentrale raised its stake in Exelon by 17.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 319,515 shares of the company’s stock worth $11,046,000 after acquiring an additional 47,944 shares during the period. Federated Hermes Inc. boosted its position in shares of Exelon by 192.7% in the second quarter. Federated Hermes Inc. now owns 16,856 shares of the company’s stock worth $583,000 after purchasing an additional 11,098 shares during the period. Wealthspire Advisors LLC increased its stake in shares of Exelon by 41.8% in the second quarter. Wealthspire Advisors LLC now owns 27,042 shares of the company’s stock worth $936,000 after purchasing an additional 7,968 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Exelon by 11.2% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,407 shares of the company’s stock valued at $360,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Scotiabank lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.38.

Exelon Trading Up 0.7 %

Shares of EXC opened at $37.56 on Tuesday. The stock has a market capitalization of $37.74 billion, a PE ratio of 15.46, a P/E/G ratio of 2.63 and a beta of 0.55. The company’s fifty day moving average is $37.97 and its 200 day moving average is $38.12. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.19.

Exelon (NASDAQ:EXC) last posted its earnings results 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 net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. Sell-side analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

About Exelon

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.