Atria Investments LLC Buys 5,689 Shares of Exelon Co. (NASDAQ:EXC)

Atria Investments LLC boosted its stake in Exelon Co. (NASDAQ:EXCGet Rating) by 26.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,402 shares of the company’s stock after purchasing an additional 5,689 shares during the quarter. Atria Investments LLC’s holdings in Exelon were worth $1,242,000 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 EXC. Advisor Group Holdings Inc. grew its stake in Exelon by 48.0% in the first quarter. Advisor Group Holdings Inc. now owns 248,754 shares of the company’s stock valued at $10,534,000 after acquiring an additional 80,702 shares during the period. Tcwp LLC acquired a new position in Exelon in the first quarter valued at about $74,000. Princeton Global Asset Management LLC grew its stake in Exelon by 195.5% in the first quarter. Princeton Global Asset Management LLC now owns 662 shares of the company’s stock valued at $32,000 after acquiring an additional 438 shares during the period. Invesco Ltd. grew its stake in Exelon by 8.3% in the first quarter. Invesco Ltd. now owns 20,866,245 shares of the company’s stock valued at $993,860,000 after acquiring an additional 1,595,167 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Exelon by 14.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 108,518 shares of the company’s stock valued at $5,169,000 after acquiring an additional 13,429 shares during the period. Institutional investors own 82.70% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $39.87 on Thursday. The stock has a 50 day moving average price of $37.60 and a 200 day moving average price of $41.93. Exelon Co. has a 52 week low of $35.19 and a 52 week high of $50.71. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $39.62 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62.

Exelon (NASDAQ:EXCGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.69 billion. Exelon had a return on equity of 10.12% and a net margin of 8.85%. The business’s revenue for the quarter was down 45.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 earnings per share. Analysts predict that Exelon Co. will post 2.27 earnings per share for the current fiscal year.

Exelon Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th will be paid a $0.3375 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.35 annualized dividend and a yield of 3.39%. Exelon’s dividend payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXC. Seaport Res Ptn reaffirmed a “buy” rating on shares of Exelon in a research report on Monday, October 24th. Credit Suisse Group began coverage on Exelon in a research report on Wednesday, October 19th. They set an “outperform” rating and a $39.00 price objective for the company. Mizuho reduced their price objective on Exelon from $47.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Guggenheim reduced their price objective on Exelon from $49.00 to $40.00 in a research report on Monday, October 24th. Finally, StockNews.com began coverage on Exelon in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

Exelon 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.

Further Reading

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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