38,895 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Sciencast Management LP

Sciencast Management LP bought a new position in Exelon Co. (NASDAQ:EXC) during the first quarter, Holdings Channel reports. The institutional investor bought 38,895 shares of the company’s stock, valued at approximately $1,461,000.

Several other institutional investors also recently made changes to their positions in EXC. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Exelon by 2.2% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock worth $553,000 after purchasing an additional 310 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in Exelon by 6.2% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock worth $212,000 after buying an additional 347 shares during the period. Uncommon Cents Investing LLC lifted its stake in Exelon by 1.4% in the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock valued at $917,000 after buying an additional 360 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its holdings in shares of Exelon by 5.3% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock valued at $265,000 after acquiring an additional 374 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of Exelon by 11.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock worth $129,000 after acquiring an additional 382 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EXC shares. Morgan Stanley cut their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. BMO Capital Markets boosted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Scotiabank lowered their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Barclays raised their target price on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $38.91.

Exelon Price Performance

NASDAQ EXC traded down $0.08 on Friday, reaching $35.24. 8,292,799 shares of the stock traded hands, compared to its average volume of 6,941,854. The firm’s fifty day simple moving average is $36.24 and its 200 day simple moving average is $36.18. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The company has a market cap of $35.24 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.53 and a beta of 0.52. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, research analysts predict that Exelon Co. will post 2.42 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.31%. Exelon’s dividend payout ratio (DPR) is presently 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.