Exelon Co. (NASDAQ:EXC) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its position in shares of Exelon Co. (NASDAQ:EXC) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,118 shares of the company’s stock after buying 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.

Several other large investors also recently modified their holdings of EXC. Raymond James & Associates grew its position in shares of Exelon by 6.1% during the second quarter. Raymond James & Associates now owns 542,911 shares of the company’s stock worth $18,790,000 after buying an additional 31,230 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Exelon by 8.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 4,096 shares of the company’s stock worth $142,000 after purchasing an additional 334 shares during the last quarter. Hennessy Advisors Inc. raised its stake in shares of Exelon by 3.4% in the 2nd quarter. Hennessy Advisors Inc. now owns 152,331 shares of the company’s stock valued at $5,272,000 after purchasing an additional 5,000 shares in the last quarter. Diversified LLC lifted its position in shares of Exelon by 72.9% during the second quarter. Diversified LLC now owns 12,743 shares of the company’s stock worth $441,000 after purchasing an additional 5,373 shares during the last quarter. Finally, Spirit of America Management Corp NY grew its stake in Exelon by 3.3% in the second quarter. Spirit of America Management Corp NY now owns 12,700 shares of the company’s stock worth $440,000 after purchasing an additional 400 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on EXC. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group started coverage on Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank lifted 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. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.60.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $36.56 on Thursday. 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 firm’s 50 day moving average is $38.83 and its two-hundred day moving average is $37.86. The firm has a market capitalization of $36.74 billion, a P/E ratio of 15.05, a PEG ratio of 2.63 and a beta of 0.54. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19.

Exelon (NASDAQ:EXC) last posted its 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. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

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

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.