Fifth Third Wealth Advisors LLC Grows Position in Exelon Co. (NASDAQ:EXC)

Fifth Third Wealth Advisors LLC grew its holdings in shares of Exelon Co. (NASDAQ:EXC) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,931 shares of the company’s stock after purchasing an additional 488 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Exelon were worth $600,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EXC. Rosenberg Matthew Hamilton raised its stake in shares of Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after purchasing an additional 275 shares during the period. Marcum Wealth LLC grew its holdings in Exelon by 9.7% during the 4th quarter. Marcum Wealth LLC now owns 7,077 shares of the company’s stock valued at $266,000 after buying an additional 627 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Exelon by 2.0% during the fourth quarter. AdvisorNet Financial Inc now owns 24,083 shares of the company’s stock valued at $906,000 after buying an additional 471 shares during the period. Wedmont Private Capital lifted its holdings in shares of Exelon by 22.4% in the fourth quarter. Wedmont Private Capital now owns 6,439 shares of the company’s stock worth $240,000 after buying an additional 1,180 shares in the last quarter. Finally, Brookstone Capital Management boosted its position in shares of Exelon by 1.6% in the fourth quarter. Brookstone Capital Management now owns 51,724 shares of the company’s stock valued at $1,947,000 after acquiring an additional 816 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EXC shares. Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Barclays lifted their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.38.

Exelon Price Performance

EXC stock opened at $39.34 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $39.53 billion, a P/E ratio of 16.19, a P/E/G ratio of 2.48 and a beta of 0.55. The firm’s fifty day moving average is $37.95 and its 200 day moving average is $38.15. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Dividend Announcement

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