B.O.S.S. Retirement Advisors LLC Buys 13,304 Shares of Exelon Co. (NASDAQ:EXC)

B.O.S.S. Retirement Advisors LLC raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 13.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 108,910 shares of the company’s stock after purchasing an additional 13,304 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Exelon were worth $4,416,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after acquiring an additional 16,686,526 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Exelon by 666.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after acquiring an additional 3,115,763 shares in the last quarter. Swedbank AB purchased a new position in shares of Exelon during the first quarter worth approximately $96,859,000. Finally, M&G Plc purchased a new position in shares of Exelon during the first quarter worth approximately $89,266,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EXC shares. Morgan Stanley lifted their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $41.33.

Exelon Stock Performance

Shares of EXC stock opened at $40.97 on Thursday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48. The stock has a market cap of $40.97 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The company’s fifty day moving average price is $39.03 and its 200-day moving average price is $37.47.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.41 EPS. On average, equities analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is 65.52%.

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.