Ballentine Partners LLC Acquires 7,830 Shares of Exelon Co. (NASDAQ:EXC)

Ballentine Partners LLC boosted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 130.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,838 shares of the company’s stock after purchasing an additional 7,830 shares during the quarter. Ballentine Partners LLC’s holdings in Exelon were worth $520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Heritage Wealth Advisors grew its holdings in Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after buying an additional 495 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in Exelon during the 3rd quarter valued at approximately $31,000. Bruce G. Allen Investments LLC purchased a new position in Exelon during the 4th quarter valued at approximately $34,000. OLD Point Trust & Financial Services N A purchased a new position in Exelon during the 4th quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC grew its holdings in Exelon by 174.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock valued at $41,000 after buying an additional 722 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

EXC opened at $35.33 on Tuesday. The business has a fifty day moving average of $37.00 and a 200 day moving average of $36.42. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53. 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 stock has a market cap of $35.33 billion, a P/E ratio of 15.23, a PEG ratio of 2.54 and a beta of 0.52.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share 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, sell-side analysts anticipate that Exelon Co. will post 2.42 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Friday, May 10th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analysts Set New Price Targets

Several research firms have weighed in on EXC. Scotiabank cut their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Barclays lifted their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Morgan Stanley dropped their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Wells Fargo & Company lifted their target price on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $38.91.

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.