SageView Advisory Group LLC Grows Stake in Exelon Co. (NASDAQ:EXC)

SageView Advisory Group LLC boosted its holdings in Exelon Co. (NASDAQ:EXC) by 5.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,166 shares of the company’s stock after purchasing an additional 570 shares during the quarter. SageView Advisory Group LLC’s holdings in Exelon were worth $356,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Heritage Wealth Advisors boosted its holdings in shares of Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after buying an additional 495 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in shares of Exelon in the 3rd quarter valued at $31,000. Bruce G. Allen Investments LLC purchased a new stake in Exelon in the 4th quarter valued at $34,000. OLD Point Trust & Financial Services N A purchased a new stake in Exelon in the 4th quarter valued at $39,000. Finally, Operose Advisors LLC raised its position in Exelon by 334.6% in the 3rd quarter. Operose Advisors LLC now owns 1,104 shares of the company’s stock valued at $42,000 after purchasing an additional 850 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EXC. Morgan Stanley upped their price target on shares of Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Scotiabank reduced their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Barclays upped their price target on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. BMO Capital Markets upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.09.

Exelon Stock Performance

EXC opened at $34.89 on Thursday. The stock’s 50 day simple moving average is $37.12 and its 200 day simple moving average is $36.50. The stock has a market cap of $34.89 billion, a P/E ratio of 15.04, a P/E/G ratio of 2.57 and a beta of 0.52. Exelon Co. has a 1-year low of $33.35 and a 1-year 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.

Exelon (NASDAQ:EXC) last posted its earnings results 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). The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, equities analysts anticipate that Exelon Co. will post 2.42 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Friday, May 10th. Exelon’s payout ratio is currently 65.52%.

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.