Focus Partners Advisor Solutions LLC Has $618,000 Position in Exelon Corporation $EXC

Focus Partners Advisor Solutions LLC lessened its stake in shares of Exelon Corporation (NASDAQ:EXC) by 17.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,243 shares of the company’s stock after selling 3,099 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Exelon were worth $618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Providence Wealth Advisors LLC lifted its position in Exelon by 0.6% in the 1st quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock valued at $1,802,000 after acquiring an additional 217 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. CWM LLC lifted its stake in Exelon by 0.7% during the 1st quarter. CWM LLC now owns 33,775 shares of the company’s stock valued at $1,556,000 after acquiring an additional 226 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in Exelon by 2.4% during the 1st quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock valued at $450,000 after acquiring an additional 230 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Exelon by 0.6% during the 1st quarter. Focus Partners Wealth now owns 39,831 shares of the company’s stock valued at $1,836,000 after acquiring an additional 234 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent analyst reports. Evercore ISI initiated coverage on Exelon in a research note on Monday, October 6th. They set an “outperform” rating and a $57.00 price objective on the stock. UBS Group raised their price objective on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a research note on Tuesday. KeyCorp raised their price objective on Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. Finally, BTIG Research started coverage on Exelon in a research note on Tuesday, October 21st. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.55.

Exelon Trading Down 1.0%

NASDAQ EXC opened at $47.20 on Thursday. The stock has a market capitalization of $47.67 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.96 and a beta of 0.40. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The business’s fifty day moving average is $45.14 and its 200-day moving average is $44.55.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.4%. Exelon’s dividend payout ratio is 60.84%.

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.