Fulton Bank N.A. Buys 289 Shares of Exelon Co. (NASDAQ:EXC)

Fulton Bank N.A. boosted its stake in Exelon Co. (NASDAQ:EXCGet Rating) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,097 shares of the company’s stock after purchasing an additional 289 shares during the quarter. Fulton Bank N.A.’s holdings in Exelon were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GoalVest Advisory LLC increased its holdings in shares of Exelon by 62,900.0% in the second quarter. GoalVest Advisory LLC now owns 630 shares of the company’s stock worth $27,000 after acquiring an additional 629 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Exelon by 24.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 831,606 shares of the company’s stock worth $39,608,000 after acquiring an additional 164,006 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Exelon by 221.2% in the first quarter. EverSource Wealth Advisors LLC now owns 2,133 shares of the company’s stock worth $102,000 after acquiring an additional 1,469 shares in the last quarter. M Holdings Securities Inc. bought a new stake in shares of Exelon in the first quarter worth about $261,000. Finally, Advisory Services Network LLC increased its holdings in shares of Exelon by 52.0% in the first quarter. Advisory Services Network LLC now owns 15,454 shares of the company’s stock worth $736,000 after acquiring an additional 5,290 shares in the last quarter. Institutional investors own 82.70% of the company’s stock.

Exelon Stock Down 0.1 %

EXC stock opened at $43.21 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.53. The business has a 50 day moving average price of $45.26 and a two-hundred day moving average price of $45.16. The company has a market cap of $42.37 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 2.68 and a beta of 0.57. Exelon Co. has a twelve month low of $33.93 and a twelve month high of $50.71.

Exelon (NASDAQ:EXCGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.12 billion. Exelon had a net margin of 9.45% and a return on equity of 10.38%. Analysts anticipate that Exelon Co. will post 2.27 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were paid a $0.338 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 3.13%. This is an increase from Exelon’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 49.82%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXC. UBS Group lowered their price target on Exelon from $54.00 to $49.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Morgan Stanley dropped their target price on Exelon from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, May 23rd. BMO Capital Markets lifted their target price on Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Barclays dropped their target price on Exelon from $50.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. Finally, KeyCorp dropped their target price on Exelon from $53.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $48.23.

Exelon Company Profile

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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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