LPL Financial LLC Grows Holdings in Exelon Corporation (NASDAQ:EXC)

LPL Financial LLC boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,350 shares of the company’s stock after acquiring an additional 18,646 shares during the period. LPL Financial LLC’s holdings in Exelon were worth $17,112,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EXC. Ameriflex Group Inc. bought a new stake in shares of Exelon in the 4th quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its holdings in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon in the first quarter worth $34,000. Redwood Park Advisors LLC purchased a new stake in shares of Exelon in the fourth quarter worth $44,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Exelon during the first quarter valued at $50,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EXC shares. KeyCorp dropped their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. UBS Group reiterated a “neutral” rating and set a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. BMO Capital Markets raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Morgan Stanley lowered their price objective on Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Finally, Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.20.

Exelon Price Performance

Shares of EXC opened at $44.69 on Wednesday. The firm has a fifty day simple moving average of $43.33 and a two-hundred day simple moving average of $43.68. The firm has a market cap of $45.14 billion, a PE ratio of 16.99, a P/E/G ratio of 2.65 and a beta of 0.38. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. On average, equities analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon’s payout ratio is 60.84%.

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.