Farther Finance Advisors LLC Has $642,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Farther Finance Advisors LLC raised its holdings in Exelon Co. (NASDAQ:EXC) by 126.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,972 shares of the company’s stock after buying an additional 7,789 shares during the period. Farther Finance Advisors LLC’s holdings in Exelon were worth $642,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Ameriflex Group Inc. acquired a new stake in shares of Exelon during the fourth quarter worth $25,000. Millstone Evans Group LLC acquired a new stake in Exelon in the 4th quarter worth about $28,000. Capital Advisors Ltd. LLC boosted its holdings in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after purchasing an additional 513 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Exelon during the 4th quarter worth approximately $36,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Exelon during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 0.9%

Shares of NASDAQ:EXC opened at $43.25 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a market capitalization of $43.66 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company has a fifty day moving average of $44.78 and a 200-day moving average of $42.22.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period last year, the company earned $0.68 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities analysts predict that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, May 12th. Exelon’s payout ratio is currently 59.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EXC shares. BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. UBS Group reaffirmed a “neutral” rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. Morgan Stanley reduced their price objective on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 22nd. KeyCorp lowered shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 14th. Finally, Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.40.

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.