Miracle Mile Advisors LLC Makes New Investment in Exelon Co. (NASDAQ:EXC)

Miracle Mile Advisors LLC acquired a new stake in Exelon Co. (NASDAQ:EXC) in the first quarter, Holdings Channel.com reports. The fund acquired 4,434 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also modified their holdings of the company. Principal Securities Inc. boosted its holdings in Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company’s stock valued at $851,000 after acquiring an additional 2,160 shares during the period. Allianz SE acquired a new stake in shares of Exelon during the fourth quarter worth about $5,953,000. Vontobel Holding Ltd. boosted its stake in shares of Exelon by 89.1% in the fourth quarter. Vontobel Holding Ltd. now owns 11,759 shares of the company’s stock valued at $443,000 after purchasing an additional 5,539 shares during the period. IFP Advisors Inc grew its holdings in shares of Exelon by 71.9% in the fourth quarter. IFP Advisors Inc now owns 3,547 shares of the company’s stock valued at $134,000 after purchasing an additional 1,483 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Exelon by 86.7% in the fourth quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company’s stock valued at $59,329,000 after purchasing an additional 732,355 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research reports. UBS Group reiterated a “neutral” rating and set a $48.00 target price (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. Morgan Stanley reduced their price objective on Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Evercore ISI upped their price target on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.40.

Exelon Stock Performance

NASDAQ:EXC opened at $42.88 on Thursday. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market capitalization of $43.29 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The business’s fifty day moving average price is $44.83 and its 200 day moving average price is $42.14.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.30 billion. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.73%. Exelon’s dividend payout ratio is currently 59.48%.

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.