Exelon Co. (NASDAQ:EXC) Stock Holdings Lifted by Empire Financial Management Company LLC

Empire Financial Management Company LLC lifted its position in Exelon Co. (NASDAQ:EXC) by 0.7% in the 3rd quarter, Holdings Channel reports. The fund owned 57,711 shares of the company’s stock after buying an additional 400 shares during the period. Empire Financial Management Company LLC’s holdings in Exelon were worth $2,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Sequoia Financial Advisors LLC boosted its position in shares of Exelon by 10.4% in the second quarter. Sequoia Financial Advisors LLC now owns 23,378 shares of the company’s stock worth $809,000 after buying an additional 2,208 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Exelon by 5.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 116,631 shares of the company’s stock worth $4,037,000 after acquiring an additional 6,404 shares during the period. Great Valley Advisor Group Inc. grew its stake in Exelon by 56.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 22,800 shares of the company’s stock valued at $789,000 after acquiring an additional 8,238 shares in the last quarter. ORG Partners LLC acquired a new position in shares of Exelon in the 2nd quarter valued at about $99,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Exelon by 20.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,783 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,991 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

NASDAQ:EXC opened at $37.32 on Wednesday. The firm has a market capitalization of $37.50 billion, a PE ratio of 15.36, a PEG ratio of 2.70 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The firm’s fifty day simple moving average is $39.32 and its 200 day simple moving average is $37.87.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.07%. Exelon’s payout ratio is 62.55%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $41.25.

About Exelon

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.