Great Valley Advisor Group Inc. Buys 8,238 Shares of Exelon Co. (NASDAQ:EXC)

Great Valley Advisor Group Inc. raised its holdings in Exelon Co. (NASDAQ:EXC) by 56.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,800 shares of the company’s stock after acquiring an additional 8,238 shares during the period. Great Valley Advisor Group Inc.’s holdings in Exelon were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EXC. TD Asset Management Inc grew its position in shares of Exelon by 2.3% in the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after buying an additional 23,270 shares during the last quarter. Vanguard Group Inc. grew its holdings in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. National Bank of Canada FI boosted its stake in shares of Exelon by 33.9% in the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after acquiring an additional 277,635 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Exelon by 10.5% in the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after acquiring an additional 156,201 shares during the period. Finally, Duality Advisers LP boosted its stake in shares of Exelon by 225.3% in the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock worth $4,380,000 after acquiring an additional 84,498 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

EXC traded up $0.15 during midday trading on Wednesday, hitting $37.28. The company had a trading volume of 1,440,792 shares, compared to its average volume of 6,824,516. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $42.15. The firm’s 50-day simple moving average is $35.90 and its 200-day simple moving average is $36.38. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The company has a market capitalization of $37.28 billion, a PE ratio of 16.00, a P/E/G ratio of 2.73 and a beta of 0.52.

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

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be paid a $0.38 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 4.08%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analyst Weigh In

EXC has been the topic of several research analyst reports. Scotiabank dropped 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. BMO Capital Markets lifted their price objective on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Wells Fargo & Company lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley lowered their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Finally, Barclays boosted their target price on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.27.

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.