Vaughan David Investments LLC IL Increases Position in Exelon Co. (NASDAQ:EXC)

Vaughan David Investments LLC IL lifted its holdings in Exelon Co. (NASDAQ:EXCFree Report) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 903,819 shares of the company’s stock after purchasing an additional 36,968 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Exelon were worth $32,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SVB Wealth LLC raised its stake in Exelon by 2.9% in the first quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock valued at $367,000 after buying an additional 219 shares in the last quarter. NewEdge Advisors LLC raised its stake in Exelon by 1.4% in the first quarter. NewEdge Advisors LLC now owns 18,411 shares of the company’s stock valued at $775,000 after buying an additional 248 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in Exelon by 3.9% in the first quarter. Baltimore Washington Financial Advisors Inc. now owns 7,110 shares of the company’s stock valued at $310,000 after buying an additional 266 shares in the last quarter. Addison Advisors LLC increased its position in shares of Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares in the last quarter. Finally, MCF Advisors LLC increased its position in shares of Exelon by 10.5% during the third quarter. MCF Advisors LLC now owns 2,936 shares of the company’s stock worth $111,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of a number of research analyst reports. Bank of America cut their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. UBS Group cut Exelon from a “buy” rating to a “neutral” rating and cut their target price for the stock from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Guggenheim cut Exelon from a “buy” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $40.00 in a research report on Friday, December 15th. Royal Bank of Canada cut their target price on Exelon from $45.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 19th. Finally, Evercore ISI cut Exelon from an “outperform” rating to an “in-line” rating in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus target price of $39.09.

View Our Latest Stock Report on Exelon

Exelon Stock Performance

EXC traded down $0.32 during trading on Friday, reaching $36.48. The company’s stock had a trading volume of 4,985,001 shares, compared to its average volume of 6,827,891. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.71. The company’s fifty day moving average price is $36.11 and its 200-day moving average price is $37.19. The company has a market capitalization of $36.46 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities analysts forecast that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.38 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.17%. Exelon’s payout ratio is 65.24%.

About Exelon

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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