Goldstone Financial Group LLC Invests $494,000 in Exelon Co. (NASDAQ:EXC)

Goldstone Financial Group LLC acquired a new position in Exelon Co. (NASDAQ:EXCFree Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 12,190 shares of the company’s stock, valued at approximately $494,000.

Several other large investors have also added to or reduced their stakes in EXC. Crewe Advisors LLC bought a new position in shares of Exelon in the first quarter valued at $26,000. Versant Capital Management Inc increased its stake in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Exelon in the 2nd quarter valued at about $28,000. American National Bank & Trust lifted its stake in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares during the last quarter. Finally, Abound Wealth Management grew its holdings in Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Up 0.4 %

EXC opened at $39.70 on Thursday. 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 Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The company’s 50 day moving average price is $39.62 and its two-hundred day moving average price is $37.69. The firm has a market capitalization of $39.72 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 2.90 and a beta of 0.53.

Exelon (NASDAQ:EXCGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. Exelon’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, research analysts predict that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, November 11th. Exelon’s dividend payout ratio is currently 62.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.33.

View Our Latest Stock Report on Exelon

About Exelon

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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