Exelon Co. (NASDAQ:EXC) Shares Bought by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA grew its stake in Exelon Co. (NASDAQ:EXC) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,178 shares of the company’s stock after acquiring an additional 3,108 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Exelon were worth $3,121,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EXC. Heritage Wealth Advisors increased its stake in 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 last quarter. Register Financial Advisors LLC purchased a new stake in Exelon in the 1st quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in Exelon in the first quarter valued at about $26,000. Versant Capital Management Inc boosted its stake in Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares during the period. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Exelon during the second quarter valued at about $28,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 1.7 %

Shares of Exelon stock opened at $39.50 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The company has a market capitalization of $39.50 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.88 and a beta of 0.53. The company has a 50 day moving average of $37.65 and a 200 day moving average of $37.01.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the company earned $0.41 EPS. As a group, research analysts forecast that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley raised their price target on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Barclays boosted their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $39.82.

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.