Exelon Co. (NASDAQ:EXC) Shares Purchased by Marcum Wealth LLC

Marcum Wealth LLC raised its position in Exelon Co. (NASDAQ:EXC) by 22.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,014 shares of the company’s stock after purchasing an additional 1,309 shares during the quarter. Marcum Wealth LLC’s holdings in Exelon were worth $264,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in Exelon during the third quarter worth $658,000. LPL Financial LLC increased its position in shares of Exelon by 2.9% during the 3rd quarter. LPL Financial LLC now owns 354,837 shares of the company’s stock worth $13,409,000 after purchasing an additional 9,945 shares during the last quarter. Mariner LLC raised its holdings in Exelon by 23.3% in the 3rd quarter. Mariner LLC now owns 119,585 shares of the company’s stock valued at $4,519,000 after buying an additional 22,589 shares during the period. Rock Creek Group LP acquired a new position in Exelon in the third quarter valued at about $66,000. Finally, Northern Trust Corp increased its position in shares of Exelon by 3.5% during the third quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock valued at $440,852,000 after acquiring an additional 395,908 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.5 %

Shares of Exelon stock opened at $34.78 on Friday. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53. The company has a 50 day moving average of $37.00 and a 200 day moving average of $36.45. The company has a market capitalization of $34.78 billion, a P/E ratio of 14.99, a P/E/G ratio of 2.55 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, research analysts forecast that Exelon Co. will post 2.42 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.37%. Exelon’s payout ratio is currently 65.52%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several recent analyst reports. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Wells Fargo & Company raised their price target on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their price objective on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Morgan Stanley raised their target price on Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, Scotiabank cut their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.09.

Exelon 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.