Frank Rimerman Advisors LLC Acquires 10,073 Shares of Exelon Co. (NASDAQ:EXC)

Frank Rimerman Advisors LLC increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 35,975.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,101 shares of the company’s stock after acquiring an additional 10,073 shares during the period. Frank Rimerman Advisors LLC’s holdings in Exelon were worth $350,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Heritage Wealth Advisors increased its position in shares of Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after acquiring an additional 495 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Exelon in the 1st quarter worth $26,000. Crewe Advisors LLC bought a new position in shares of Exelon during the 1st quarter worth $26,000. Versant Capital Management Inc increased its stake 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 buying an additional 672 shares during the period. Finally, J.Safra Asset Management Corp bought a new stake in shares of Exelon in the second quarter valued at about $28,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research reports. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company upped their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Barclays raised their price objective on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Scotiabank raised their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.83.

Exelon Stock Performance

EXC opened at $39.99 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The firm has a 50 day moving average of $37.93 and a two-hundred day moving average of $37.08. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.48. The firm has a market capitalization of $39.99 billion, a PE ratio of 17.24, a P/E/G ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the business earned $0.41 earnings per share. On average, analysts anticipate that Exelon Co. will post 2.44 EPS for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.80%. Exelon’s dividend payout ratio is presently 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.