Diversified Trust Co Buys 17,503 Shares of Exelon Co. (NASDAQ:EXC)

Diversified Trust Co grew its stake in Exelon Co. (NASDAQ:EXC) by 105.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,091 shares of the company’s stock after acquiring an additional 17,503 shares during the quarter. Diversified Trust Co’s holdings in Exelon were worth $1,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EXC. AMF Tjanstepension AB raised its position in shares of Exelon by 61.5% in the 1st quarter. AMF Tjanstepension AB now owns 2,012,282 shares of the company’s stock worth $75,626,000 after purchasing an additional 766,558 shares during the last quarter. Register Financial Advisors LLC purchased a new position in Exelon in the first quarter worth about $26,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Exelon by 49.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 110,227 shares of the company’s stock worth $4,141,000 after buying an additional 36,548 shares in the last quarter. Viking Fund Management LLC grew its holdings in shares of Exelon by 72.9% during the first quarter. Viking Fund Management LLC now owns 60,500 shares of the company’s stock valued at $2,273,000 after buying an additional 25,500 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Exelon during the first quarter valued at approximately $473,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXC shares. Barclays upped their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. BMO Capital Markets lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Morgan Stanley lowered their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Exelon from $39.00 to $40.00 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average target price of $38.91.

Exelon Trading Down 0.2 %

Shares of EXC stock opened at $34.55 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a fifty day moving average price of $36.77 and a 200-day moving average price of $36.23. The company has a market cap of $34.55 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 2.52 and a beta of 0.52. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53.

Exelon (NASDAQ:EXC) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. As a group, equities analysts predict that Exelon Co. will post 2.42 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued 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 yield of 4.40%. Exelon’s dividend payout ratio is presently 65.52%.

Exelon Company 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.