Advisory Services Network LLC Has $251,000 Position in Exelon Co. (NASDAQ:EXC)

Advisory Services Network LLC reduced its stake in shares of Exelon Co. (NASDAQ:EXCFree Report) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,995 shares of the company’s stock after selling 1,674 shares during the quarter. Advisory Services Network LLC’s holdings in Exelon were worth $251,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Moors & Cabot Inc. raised its stake in Exelon by 4.5% during the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock worth $265,000 after acquiring an additional 303 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in shares of Exelon by 6.2% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock valued at $212,000 after buying an additional 347 shares in the last quarter. Uncommon Cents Investing LLC increased its stake in shares of Exelon by 1.4% in the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock valued at $917,000 after buying an additional 360 shares in the last quarter. UNIVEST FINANCIAL Corp increased its stake in shares of Exelon by 5.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock valued at $265,000 after buying an additional 374 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of Exelon by 11.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock valued at $129,000 after buying an additional 382 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on EXC shares. Morgan Stanley raised their target price on Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company raised their target price on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Barclays lifted their price objective on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Finally, StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.08.

Check Out Our Latest Stock Report on EXC

Exelon Trading Up 0.4 %

NASDAQ:EXC opened at $37.36 on Wednesday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The stock has a market capitalization of $37.36 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. The business’s 50-day simple moving average is $37.46 and its 200-day simple moving average is $36.73.

Exelon (NASDAQ:EXCGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Sell-side analysts expect that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, May 10th. Exelon’s payout ratio is 65.52%.

Exelon Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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