Shelton Capital Management Acquires 3,417 Shares of Exelon Co. (NASDAQ:EXC)

Shelton Capital Management raised its holdings in Exelon Co. (NASDAQ:EXC) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,009 shares of the company’s stock after acquiring an additional 3,417 shares during the quarter. Shelton Capital Management’s holdings in Exelon were worth $3,952,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Exelon during the second quarter worth $184,000. Quadrant Capital Group LLC lifted its position in Exelon by 11.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 5,856 shares of the company’s stock valued at $239,000 after acquiring an additional 603 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Exelon by 5.7% in the 2nd quarter. Checchi Capital Advisers LLC now owns 13,046 shares of the company’s stock worth $531,000 after purchasing an additional 706 shares during the period. Cetera Advisors LLC boosted its stake in Exelon by 3.3% in the 2nd quarter. Cetera Advisors LLC now owns 25,167 shares of the company’s stock worth $1,025,000 after purchasing an additional 809 shares during the period. Finally, Cetera Advisor Networks LLC boosted its stake in Exelon by 9.3% in the 2nd quarter. Cetera Advisor Networks LLC now owns 67,892 shares of the company’s stock worth $2,766,000 after purchasing an additional 5,790 shares during the period. 81.38% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $38.95 on Friday. The company’s 50 day moving average price is $39.48 and its two-hundred day moving average price is $40.22. Exelon Co. has a 12-month low of $35.71 and a 12-month high of $44.37. The firm has a market cap of $38.77 billion, a PE ratio of 18.20, a PEG ratio of 2.66 and a beta of 0.57. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.56.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.70%. Exelon’s payout ratio is presently 67.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Exelon from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. Guggenheim dropped their target price on shares of Exelon from $45.00 to $41.00 in a report on Monday, October 9th. Royal Bank of Canada lowered their price target on shares of Exelon from $47.00 to $45.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 6th. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a report on Friday. Finally, Barclays lowered their price target on shares of Exelon from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has an average rating of “Moderate Buy” and a consensus price target of $43.40.

Exelon 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.