6,809 Shares in Exelon Co. (NASDAQ:EXC) Acquired by RIA Advisory Group LLC

RIA Advisory Group LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,809 shares of the company’s stock, valued at approximately $276,000.

Other large investors also recently modified their holdings of the company. Blair William & Co. IL lifted its stake in Exelon by 5.2% in the 1st quarter. Blair William & Co. IL now owns 28,482 shares of the company’s stock valued at $1,070,000 after acquiring an additional 1,406 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Exelon by 7.5% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 6,001 shares of the company’s stock valued at $225,000 after purchasing an additional 420 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in Exelon in the 1st quarter valued at $2,621,000. Intech Investment Management LLC increased its stake in Exelon by 7.0% in the 1st quarter. Intech Investment Management LLC now owns 43,490 shares of the company’s stock valued at $1,634,000 after buying an additional 2,846 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Exelon by 16.3% during the 1st 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 last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley increased their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Barclays raised their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Price Performance

Shares of NASDAQ EXC traded up $0.99 during midday trading on Friday, reaching $39.11. 9,038,601 shares of the company were exchanged, compared to its average volume of 6,756,319. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The stock has a market cap of $39.30 billion, a P/E ratio of 16.09, a PEG ratio of 2.72 and a beta of 0.54. The stock’s 50-day moving average price is $39.68 and its 200-day moving average price is $37.79.

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

Exelon Dividend Announcement

The firm also recently declared 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. This represents a $1.52 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s payout ratio is currently 62.55%.

Exelon 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.