Park Avenue Securities LLC Acquires 3,285 Shares of Exelon Co. (NASDAQ:EXC)

Park Avenue Securities LLC grew its holdings in shares of Exelon Co. (NASDAQ:EXCGet Rating) by 36.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,326 shares of the company’s stock after purchasing an additional 3,285 shares during the quarter. Park Avenue Securities LLC’s holdings in Exelon were worth $462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hallmark Capital Management Inc. purchased a new stake in shares of Exelon in the second quarter worth about $32,000. Prentice Wealth Management LLC purchased a new stake in shares of Exelon in the second quarter worth about $36,000. ACG Wealth purchased a new stake in shares of Exelon in the second quarter worth about $38,000. Chilton Capital Management LLC purchased a new stake in shares of Exelon in the second quarter worth about $41,000. Finally, Vectors Research Management LLC lifted its holdings in shares of Exelon by 85.4% in the second quarter. Vectors Research Management LLC now owns 927 shares of the company’s stock worth $42,000 after buying an additional 427 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.

Exelon Stock Up 0.7 %

Shares of Exelon stock opened at $42.34 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.81. Exelon Co. has a 52-week low of $35.19 and a 52-week high of $50.71. The stock has a market capitalization of $42.08 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.61 and a beta of 0.60. The company’s 50 day moving average price is $41.82 and its 200-day moving average price is $41.29.

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

Exelon Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were given a $0.3375 dividend. This represents a $1.35 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, November 14th. Exelon’s dividend payout ratio is presently 62.50%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXC. BMO Capital Markets lowered their target price on shares of Exelon from $51.00 to $41.00 in a research note on Tuesday, October 18th. Wells Fargo & Company raised their target price on shares of Exelon to $47.00 in a research note on Wednesday, December 14th. Guggenheim lowered their target price on shares of Exelon from $49.00 to $40.00 in a research note on Monday, October 24th. Credit Suisse Group began coverage on shares of Exelon in a research note on Wednesday, October 19th. They issued an “outperform” rating and a $39.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Exelon from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.53.

Exelon Profile

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Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

See Also

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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