Frank Rimerman Advisors LLC Raises Stock Position in Exelon Co. (NASDAQ:EXC)

Frank Rimerman Advisors LLC raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 35,975.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,101 shares of the company’s stock after acquiring an additional 10,073 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Exelon were worth $350,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on EXC shares. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Morgan Stanley boosted their target price on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Scotiabank boosted their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.83.

Exelon Stock Performance

NASDAQ:EXC opened at $39.99 on Wednesday. The stock has a market capitalization of $39.99 billion, a P/E ratio of 17.24, a PEG ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The company has a 50 day moving average price of $37.93 and a 200 day moving average price of $37.08.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. Equities research analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.80%. 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.