Exelon Co. (NASDAQ:EXC) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 31.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,657 shares of the company’s stock after purchasing an additional 4,717 shares during the period. TD Private Client Wealth LLC’s holdings in Exelon were worth $797,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. American National Bank & Trust lifted its position in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the last quarter. Abound Wealth Management lifted its holdings in Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 744 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Exelon in the third quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Exelon during the second quarter valued at approximately $41,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Exelon during the second quarter valued at approximately $57,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

NASDAQ EXC opened at $36.87 on Friday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The firm has a market capitalization of $37.05 billion, a PE ratio of 15.17, a P/E/G ratio of 2.62 and a beta of 0.54. The company’s 50 day simple moving average is $39.02 and its 200 day simple moving average is $37.86. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company posted $0.67 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXC. Morgan Stanley cut their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Scotiabank upped their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and an average target price of $41.42.

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.