Exelon Co. (NASDAQ:EXC) Stock Holdings Boosted by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC grew its position in shares of Exelon Co. (NASDAQ:EXC) by 13.0% during the 3rd quarter, Holdings Channel reports. The firm owned 9,118 shares of the company’s stock after purchasing an additional 1,051 shares during the period. Orion Portfolio Solutions LLC’s holdings in Exelon were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank & Trust boosted its holdings in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares in the last quarter. Abound Wealth Management boosted its stake in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 744 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Exelon in the 3rd quarter worth $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Exelon during the second quarter worth $41,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Exelon during the second quarter valued at $57,000. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXC shares. Barclays lifted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. UBS Group boosted their target price 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. Finally, Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus price target of $41.60.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $36.56 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a one year low of $33.35 and a one year high of $41.19. The business’s 50-day moving average price is $38.83 and its two-hundred day moving average price is $37.86. The company has a market capitalization of $36.74 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. Analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.16%. Exelon’s dividend payout ratio is currently 62.55%.

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.