Exelon Co. (NASDAQ:EXC) Stock Position Raised by Abundance Wealth Counselors

Abundance Wealth Counselors lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,170 shares of the company’s stock after acquiring an additional 2,290 shares during the quarter. Abundance Wealth Counselors’ holdings in Exelon were worth $802,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Ferguson Wellman Capital Management Inc. boosted its position in shares of Exelon by 2.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock worth $553,000 after buying an additional 310 shares during the period. Clarius Group LLC boosted its position in shares of Exelon by 6.6% in the second quarter. Clarius Group LLC now owns 5,871 shares of the company’s stock worth $203,000 after buying an additional 364 shares during the period. UNIVEST FINANCIAL Corp boosted its position in shares of Exelon by 5.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock worth $265,000 after buying an additional 374 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of Exelon by 11.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock worth $129,000 after acquiring an additional 382 shares in the last quarter. Finally, Steph & Co. raised its holdings in shares of Exelon by 2.0% during the fourth quarter. Steph & Co. now owns 19,831 shares of the company’s stock worth $712,000 after acquiring an additional 397 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Price Performance

NASDAQ EXC traded up $0.47 during trading on Thursday, reaching $37.50. 8,598,621 shares of the company traded hands, compared to its average volume of 6,867,143. 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 stock’s 50 day moving average price is $35.93 and its two-hundred day moving average price is $36.39. The company has a market cap of $37.52 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 2.72 and a beta of 0.52. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $42.15.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

Analyst Ratings Changes

Several brokerages recently issued reports on EXC. Barclays increased their price objective on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Scotiabank cut their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets raised their target price on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Morgan Stanley cut 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, Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Exelon presently has a consensus rating of “Hold” and an average target price of $39.27.

About Exelon

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.