EverSource Wealth Advisors LLC Has $151,000 Stock Position in Exelon Co. (NASDAQ:EXC)

EverSource Wealth Advisors LLC lifted its stake in Exelon Co. (NASDAQ:EXC) by 69.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,071 shares of the company’s stock after buying an additional 1,672 shares during the period. EverSource Wealth Advisors LLC’s holdings in Exelon were worth $151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Asset Management Inc increased its holdings in shares of Exelon by 2.3% during the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after buying an additional 23,270 shares in the last quarter. Vanguard Group Inc. grew its position in Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Exelon by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after purchasing an additional 156,201 shares in the last quarter. Czech National Bank raised its position in Exelon by 8.8% in the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after purchasing an additional 15,389 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in Exelon in the first quarter worth $1,461,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

EXC stock opened at $39.93 on Friday. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The company has a market cap of $39.95 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53. The business’s fifty day moving average is $38.09 and its 200-day moving average is $37.13.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXC. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Barclays raised their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Morgan Stanley upped their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.08.

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.