Exelon Co. (NASDAQ:EXC) Shares Bought by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA lifted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,166 shares of the company’s stock after purchasing an additional 4,988 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Exelon were worth $3,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Register Financial Advisors LLC acquired a new stake in shares of Exelon during the 1st quarter worth $26,000. Crewe Advisors LLC acquired a new position in shares of Exelon in the 1st quarter valued at about $26,000. Versant Capital Management Inc grew its holdings in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares during the period. J.Safra Asset Management Corp acquired a new stake in Exelon during the 2nd quarter worth approximately $28,000. Finally, American National Bank & Trust raised its holdings in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Exelon currently has an average rating of “Hold” and an average price target of $41.33.

Exelon Price Performance

Shares of NASDAQ EXC opened at $40.07 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $40.07 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The business has a 50 day simple moving average of $39.49 and a 200-day simple moving average of $37.62.

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

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is 65.52%.

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.