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

Procyon Advisors LLC bought a new stake in Exelon Co. (NASDAQ:EXC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,987 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Curat Global LLC purchased a new stake in shares of Exelon during the first quarter valued at $112,000. Thrive Wealth Management LLC purchased a new stake in shares of Exelon during the first quarter valued at $209,000. Lake Street Private Wealth LLC purchased a new stake in shares of Exelon during the first quarter valued at $203,000. Trinity Wealth Management LLC bought a new stake in shares of Exelon in the first quarter valued at about $226,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Exelon by 19.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 47,546 shares of the company’s stock valued at $2,191,000 after acquiring an additional 7,617 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of NASDAQ EXC opened at $42.20 on Tuesday. The business’s 50 day moving average price is $44.96 and its 200 day moving average price is $42.13. The firm has a market cap of $42.60 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, sell-side analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.79%. The ex-dividend date is Monday, May 12th. Exelon’s dividend payout ratio is currently 59.48%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXC. Morgan Stanley decreased their price objective on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, May 22nd. Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Wells Fargo & Company boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. BMO Capital Markets boosted their price target on Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Finally, Scotiabank boosted their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $47.40.

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.