Johnson Investment Counsel Inc. Boosts Position in Exelon Co. (NASDAQ:EXC)

Johnson Investment Counsel Inc. grew its holdings in Exelon Co. (NASDAQ:EXC) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,381 shares of the company’s stock after acquiring an additional 312 shares during the period. Johnson Investment Counsel Inc.’s holdings in Exelon were worth $325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Heritage Wealth Advisors boosted its holdings in Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after purchasing an additional 495 shares during the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Exelon in the first quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in Exelon during the first quarter worth about $26,000. Versant Capital Management Inc raised its position in Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 672 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in Exelon in the second quarter valued at approximately $28,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXC. Morgan Stanley raised their price objective on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Barclays lifted their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Wells Fargo & Company increased their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Scotiabank lifted their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.82.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $40.23 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The firm has a market capitalization of $40.23 billion, a PE ratio of 17.34, a P/E/G ratio of 2.84 and a beta of 0.53. The business’s 50 day moving average price is $37.31 and its 200-day moving average price is $36.92.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, equities research analysts expect that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.78%. Exelon’s payout ratio is 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.