Summit Trail Advisors LLC Buys 9,402 Shares of Exelon Co. (NASDAQ:EXC)

Summit Trail Advisors LLC increased its stake in shares of Exelon Co. (NASDAQ:EXC) by 147.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,776 shares of the company’s stock after acquiring an additional 9,402 shares during the quarter. Summit Trail Advisors LLC’s holdings in Exelon were worth $546,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Crewe Advisors LLC bought a new position in shares of Exelon during the 1st quarter worth about $26,000. Heritage Wealth Advisors boosted its holdings in Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after acquiring an additional 495 shares in the last quarter. Register Financial Advisors LLC bought a new position in Exelon in the first quarter worth approximately $26,000. Versant Capital Management Inc increased its holdings in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 672 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in shares of Exelon during the second quarter worth approximately $28,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Exelon in a research report on Thursday. They issued a “buy” rating and a $46.00 price target for the company. Morgan Stanley upped their target price on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Barclays increased their price objective on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.83.

Exelon Trading Up 2.5 %

NASDAQ EXC opened at $40.27 on Monday. The business’s fifty day moving average is $37.83 and its 200-day moving average is $37.06. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The stock has a market capitalization of $40.29 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.93 and a beta of 0.53. Exelon Co. has a one year low of $33.35 and a one year high of $41.48.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Equities research analysts predict that Exelon Co. will post 2.44 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is 65.52%.

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.