CVA Family Office LLC Invests $50,000 in Exelon Co. (NASDAQ:EXC)

CVA Family Office LLC purchased a new position in shares of Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,380 shares of the company’s stock, valued at approximately $50,000.

A number of other large investors have also made changes to their positions in the business. Raymond James & Associates grew its position in Exelon by 24.4% during the 4th quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock worth $16,660,000 after purchasing an additional 91,088 shares during the period. First Financial Corp IN grew its position in Exelon by 73.8% during the 4th quarter. First Financial Corp IN now owns 1,625 shares of the company’s stock worth $58,000 after purchasing an additional 690 shares during the period. Compagnie Lombard Odier SCmA grew its position in Exelon by 34.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 233,750 shares of the company’s stock worth $8,392,000 after purchasing an additional 59,594 shares during the period. Premier Path Wealth Partners LLC acquired a new stake in Exelon during the 4th quarter worth about $217,000. Finally, Stableford Capital II LLC boosted its stake in shares of Exelon by 7.7% during the 4th quarter. Stableford Capital II LLC now owns 15,100 shares of the company’s stock worth $547,000 after acquiring an additional 1,079 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXC. Evercore ISI cut Exelon from an “outperform” rating to an “in-line” rating in a research report on Friday, December 15th. Wells Fargo & Company dropped their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Guggenheim cut Exelon from a “buy” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $40.00 in a research report on Friday, December 15th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday. Finally, Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.09.

Exelon Stock Performance

Shares of EXC stock opened at $37.31 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. The firm has a fifty day moving average price of $35.57 and a 200 day moving average price of $37.44. The company has a market cap of $37.29 billion, a P/E ratio of 16.01, a PEG ratio of 2.67 and a beta of 0.53. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.71.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 4.07%. Exelon’s payout ratio is currently 65.24%.

About Exelon

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.