B. Riley Wealth Advisors Inc. Buys 3,244 Shares of Exelon Co. (NASDAQ:EXC)

B. Riley Wealth Advisors Inc. raised its stake in Exelon Co. (NASDAQ:EXC) by 17.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,318 shares of the company’s stock after acquiring an additional 3,244 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Exelon were worth $865,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EXC. Synovus Financial Corp boosted its stake in shares of Exelon by 70.5% in the 3rd quarter. Synovus Financial Corp now owns 18,649 shares of the company’s stock valued at $756,000 after purchasing an additional 7,713 shares in the last quarter. Tidal Investments LLC boosted its position in Exelon by 6.5% in the third quarter. Tidal Investments LLC now owns 44,458 shares of the company’s stock valued at $1,803,000 after buying an additional 2,718 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Exelon in the third quarter valued at about $376,000. Sanctuary Advisors LLC grew its stake in Exelon by 24.3% during the third quarter. Sanctuary Advisors LLC now owns 40,438 shares of the company’s stock worth $1,565,000 after buying an additional 7,894 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd increased its holdings in shares of Exelon by 3.1% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 85,600 shares of the company’s stock worth $3,451,000 after buying an additional 2,600 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.8 %

Shares of NASDAQ EXC opened at $36.52 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $36.70 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.54. The firm’s 50-day moving average is $38.89 and its 200-day moving average is $37.86. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion during 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%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Equities analysts expect that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 4.16%. Exelon’s dividend payout ratio is presently 62.55%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Scotiabank boosted their target price on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. UBS Group boosted their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley reduced their price target 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. Finally, Jefferies Financial Group began coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.55.

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.