SVB Wealth LLC Grows Stock Position in Exelon Co. (NASDAQ:EXC)

SVB Wealth LLC raised its holdings in Exelon Co. (NASDAQ:EXC) by 25.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,773 shares of the company’s stock after buying an additional 2,381 shares during the period. SVB Wealth LLC’s holdings in Exelon were worth $423,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EXC. Antonetti Capital Management LLC grew its position in Exelon by 98.8% in the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Addison Advisors LLC grew its position in Exelon by 50.3% in the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after acquiring an additional 276 shares during the last quarter. Fortis Group Advisors LLC bought a new position in Exelon in the 3rd quarter valued at $31,000. Bruce G. Allen Investments LLC bought a new position in Exelon in the 4th quarter valued at $34,000. Finally, GHP Investment Advisors Inc. grew its position in Exelon by 263.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock valued at $36,000 after acquiring an additional 612 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC stock opened at $37.55 on Monday. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.71. The stock’s 50-day moving average is $36.43 and its 200 day moving average is $37.10. The company has a market cap of $37.53 billion, a P/E ratio of 16.12, a PEG ratio of 2.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the business posted $0.43 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. Research analysts predict that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 4.05%. Exelon’s dividend payout ratio (DPR) is 65.24%.

Analysts Set New Price Targets

EXC has been the topic of several research analyst reports. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Bank of America dropped their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Wells Fargo & Company dropped their price target on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Finally, TheStreet downgraded Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus price target of $39.09.

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.