M Holdings Securities Inc. Takes $261,000 Position in Exelon Co. (NASDAQ:EXC)

M Holdings Securities Inc. bought a new stake in Exelon Co. (NASDAQ:EXCGet Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,483 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. IFM Investors Pty Ltd increased its position in Exelon by 19.7% in the first quarter. IFM Investors Pty Ltd now owns 153,536 shares of the company’s stock worth $7,313,000 after purchasing an additional 25,284 shares during the period. Whittier Trust Co. increased its position in Exelon by 13.8% in the first quarter. Whittier Trust Co. now owns 8,178 shares of the company’s stock worth $390,000 after purchasing an additional 991 shares during the period. Advisor Group Holdings Inc. increased its position in Exelon by 48.0% in the first quarter. Advisor Group Holdings Inc. now owns 248,754 shares of the company’s stock worth $10,534,000 after purchasing an additional 80,702 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Exelon by 108.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 905 shares of the company’s stock worth $43,000 after purchasing an additional 471 shares during the period. Finally, Tcwp LLC acquired a new stake in Exelon in the first quarter worth about $74,000. 82.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Exelon from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. UBS Group decreased their target price on Exelon from $54.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Morgan Stanley decreased their target price on Exelon from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, May 23rd. Barclays decreased their target price on Exelon from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, Wells Fargo & Company decreased their target price on Exelon from $52.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday, August 4th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.23.

Exelon Trading Down 0.1 %

NASDAQ EXC opened at $43.21 on Monday. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.68 and a beta of 0.57. The stock’s 50 day moving average price is $45.26 and its two-hundred day moving average price is $45.13. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.84 and a current ratio of 0.91. Exelon Co. has a 52 week low of $33.93 and a 52 week high of $50.71.

Exelon (NASDAQ:EXCGet Rating) last released its earnings results on Wednesday, August 3rd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.12 billion. Exelon had a net margin of 9.45% and a return on equity of 10.38%. As a group, analysts anticipate that Exelon Co. will post 2.27 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were paid a dividend of $0.338 per share. The ex-dividend date was Friday, August 12th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.13%. This is a boost from Exelon’s previous quarterly dividend of $0.34. Exelon’s dividend payout ratio is currently 49.82%.

Exelon Company Profile

(Get Rating)

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

See Also

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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