Larson Financial Group LLC Buys 2,801 Shares of Exelon Co. (NASDAQ:EXC)

Larson Financial Group LLC raised its stake in Exelon Co. (NASDAQ:EXC) by 320.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,676 shares of the company’s stock after purchasing an additional 2,801 shares during the period. Larson Financial Group LLC’s holdings in Exelon were worth $149,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC boosted its holdings in Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Exelon by 1.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares during the period. Black Diamond Financial LLC lifted its holdings in shares of Exelon by 2.0% during the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock worth $487,000 after acquiring an additional 279 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after acquiring an additional 285 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Exelon by 3.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock worth $326,000 after acquiring an additional 304 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 0.1 %

EXC opened at $39.51 on Friday. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.42. The firm has a 50-day moving average price of $39.60 and a two-hundred day moving average price of $37.88. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $39.70 billion, a PE ratio of 16.26, a PEG ratio of 2.79 and a beta of 0.54.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company earned $0.67 EPS. Exelon’s revenue was up 2.9% on a year-over-year basis. As a group, equities 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 will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio is 62.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EXC. Wells Fargo & Company raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Barclays lifted their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group lifted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock 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.