Hennion & Walsh Asset Management Inc. Buys 3,111 Shares of Exelon Co. (NASDAQ:EXC)

Hennion & Walsh Asset Management Inc. lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,929 shares of the company’s stock after purchasing an additional 3,111 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Exelon were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American National Bank & Trust boosted its position in shares of Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon in the 3rd quarter valued at $32,000. Versant Capital Management Inc raised its holdings in shares of Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after buying an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Exelon during the 2nd quarter worth $57,000. Finally, UMB Bank n.a. boosted its stake in Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after buying an additional 735 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Scotiabank raised their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.38.

Exelon Trading Up 0.2 %

NASDAQ:EXC opened at $39.42 on Friday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19. The firm’s fifty day moving average is $38.01 and its 200-day moving average is $38.19. The firm has a market cap of $39.61 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.48 and a beta of 0.55. 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 (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $5.85 billion. During the same period last year, the company posted $0.67 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Friday, November 8th. Exelon’s payout ratio is 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.