Wesbanco Bank Inc. Purchases 296 Shares of Exelon Co. (NASDAQ:EXC)

Wesbanco Bank Inc. lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 3.1% during the fourth quarter, HoldingsChannel reports. The firm owned 9,951 shares of the company’s stock after buying an additional 296 shares during the quarter. Wesbanco Bank Inc.’s holdings in Exelon were worth $375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American National Bank & Trust boosted its position in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon in the 3rd quarter valued at $32,000. Versant Capital Management Inc lifted its position in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after acquiring an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Exelon in the 2nd quarter valued at $57,000. Finally, UMB Bank n.a. lifted its position in Exelon by 92.7% in the 3rd quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after acquiring an additional 735 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday. Morgan Stanley cut their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays cut their price objective on shares of Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday. Scotiabank boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $43.00 to $44.00 in a research report on Tuesday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $43.13.

Exelon Stock Up 0.4 %

Shares of EXC stock opened at $39.38 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The firm’s fifty day moving average price is $38.12 and its two-hundred day moving average price is $38.33. The firm has a market capitalization of $39.57 billion, a P/E ratio of 16.21, a PEG ratio of 2.61 and a beta of 0.55.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. On average, equities analysts predict that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Exelon’s dividend payout ratio is presently 62.55%.

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.