Global Assets Advisory LLC Makes New $1.05 Million Investment in Exelon Co. (NASDAQ:EXC)

Global Assets Advisory LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,923 shares of the company’s stock, valued at approximately $1,049,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lloyd Advisory Services LLC. boosted its stake in Exelon by 548.8% during the first quarter. Lloyd Advisory Services LLC. now owns 59,115 shares of the company’s stock valued at $2,221,000 after buying an additional 50,003 shares during the period. CHICAGO TRUST Co NA bought a new stake in shares of Exelon during the 1st quarter valued at about $248,000. Ballentine Partners LLC grew its holdings in shares of Exelon by 130.3% during the first quarter. Ballentine Partners LLC now owns 13,838 shares of the company’s stock worth $520,000 after purchasing an additional 7,830 shares in the last quarter. Cooper Financial Group increased its position in shares of Exelon by 19.2% in the first quarter. Cooper Financial Group now owns 13,582 shares of the company’s stock worth $510,000 after purchasing an additional 2,184 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Exelon by 12.8% in the first quarter. International Assets Investment Management LLC now owns 25,115 shares of the company’s stock valued at $935,000 after purchasing an additional 2,850 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Down 0.1 %

Shares of Exelon stock opened at $34.80 on Thursday. The company’s 50 day moving average price is $36.93 and its 200-day moving average price is $36.35. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a market capitalization of $34.80 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 2.54 and a beta of 0.52.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm 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%. Equities research analysts forecast that Exelon Co. will post 2.42 EPS for the current year.

Exelon Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on EXC shares. Barclays boosted their price target on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Wells Fargo & Company increased 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. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. BMO Capital Markets raised 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. Finally, Scotiabank cut their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $38.91.

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.