Kestra Private Wealth Services LLC Increases Holdings in Exelon Co. (NASDAQ:EXC)

Kestra Private Wealth Services LLC increased its stake in Exelon Co. (NASDAQ:EXC) by 18.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,215 shares of the company’s stock after buying an additional 2,202 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Exelon were worth $510,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in shares of Exelon by 85.7% in the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock valued at $6,895,000 after purchasing an additional 88,614 shares in the last quarter. Duality Advisers LP grew its position in Exelon by 225.3% during the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock worth $4,380,000 after buying an additional 84,498 shares in the last quarter. Raymond James & Associates grew its position in Exelon by 24.4% during the fourth quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock worth $16,660,000 after buying an additional 91,088 shares in the last quarter. Principle Wealth Partners LLC purchased a new position in Exelon during the fourth quarter worth about $1,639,000. Finally, Invesco Ltd. grew its position in Exelon by 12.2% during the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock worth $380,538,000 after buying an additional 1,092,736 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Up 0.4 %

EXC opened at $37.55 on Tuesday. The company has a market cap of $37.55 billion, a P/E ratio of 16.19, a P/E/G ratio of 2.71 and a beta of 0.53. The business’s 50-day moving average price is $36.94 and its 200-day moving average price is $36.98. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, equities analysts expect that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 4.05%. Exelon’s payout ratio is presently 65.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EXC shares. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. TheStreet cut Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. BMO Capital Markets boosted their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Barclays raised their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.83.

Exelon Company Profile

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.