B. Riley Wealth Advisors Inc. Has $626,000 Stake in Exelon Co. (NASDAQ:EXC)

B. Riley Wealth Advisors Inc. cut its stake in shares of Exelon Co. (NASDAQ:EXC) by 18.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,074 shares of the company’s stock after selling 4,174 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Exelon were worth $626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new position in Exelon during the 1st quarter worth about $26,000. Crewe Advisors LLC bought a new stake in Exelon in the 1st quarter valued at about $26,000. Versant Capital Management Inc increased its position in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Exelon in the 2nd quarter valued at about $28,000. Finally, Abound Wealth Management increased its position in Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after buying an additional 744 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Performance

EXC stock opened at $40.21 on Friday. The firm has a market cap of $40.21 billion, a PE ratio of 17.33, a P/E/G ratio of 2.92 and a beta of 0.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average of $38.67 and a 200-day moving average of $37.30. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.48.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, sell-side analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed 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 was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.78%. Exelon’s payout ratio is 65.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Barclays boosted their target price on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Morgan Stanley boosted their target price on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Scotiabank boosted 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. Finally, Wells Fargo & Company boosted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.08.

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.