Pathway Financial Advisers LLC Buys New Position in Exelon Co. (NASDAQ:EXC)

Pathway Financial Advisers LLC purchased a new position in Exelon Co. (NASDAQ:EXC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 1,699 shares of the company’s stock, valued at approximately $64,000.

A number of other large investors also recently modified their holdings of EXC. Heritage Wealth Advisors increased its stake in Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after acquiring an additional 495 shares during the period. Register Financial Advisors LLC acquired a new position in shares of Exelon in the first quarter valued at $26,000. Crewe Advisors LLC bought a new position in Exelon in the first quarter worth $26,000. OLD Point Trust & Financial Services N A acquired a new stake in Exelon during the fourth quarter worth $39,000. Finally, Venturi Wealth Management LLC increased its holdings in Exelon by 174.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock valued at $41,000 after buying an additional 722 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

Shares of EXC stock traded up $0.51 during trading hours on Friday, hitting $38.77. 9,077,691 shares of the company’s stock were exchanged, compared to its average volume of 6,100,039. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $42.15. The stock has a market cap of $38.77 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The stock’s 50-day moving average is $35.83 and its 200-day moving average is $36.24.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, research analysts forecast that Exelon Co. will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Ratings Changes

A number of research firms have recently commented on EXC. BMO Capital Markets raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Barclays raised their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Scotiabank lowered their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Morgan Stanley decreased their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.27.

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.