Elevated Capital Advisors LLC Buys New Stake in Exelon Co. (NASDAQ:EXC)

Elevated Capital Advisors LLC bought a new stake in Exelon Co. (NASDAQ:EXC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,334 shares of the company’s stock, valued at approximately $773,000.

Several other institutional investors and hedge funds have also bought and sold shares of EXC. Heritage Wealth Advisors raised its position in shares of Exelon by 247.5% in the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after purchasing an additional 495 shares during the last quarter. Register Financial Advisors LLC acquired a new position in Exelon during the 1st quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new position in shares of Exelon in the first quarter worth $26,000. Versant Capital Management Inc lifted 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 worth $27,000 after buying an additional 672 shares during the period. Finally, J.Safra Asset Management Corp purchased a new stake in shares of Exelon during the second quarter valued at $28,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EXC shares. Barclays raised their target price on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company raised their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley upped their target price on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Finally, Scotiabank raised their price target on shares of Exelon from $37.00 to $40.00 and gave the stock 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.82.

Exelon Stock Performance

EXC opened at $38.09 on Monday. The firm has a fifty day moving average price of $36.47 and a 200 day moving average price of $36.69. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The stock has a market cap of $38.11 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.76 and a beta of 0.52. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. Exelon’s dividend payout ratio is currently 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.