Kestra Private Wealth Services LLC Acquires 2,202 Shares of Exelon Co. (NASDAQ:EXC)

Kestra Private Wealth Services LLC lifted its holdings in Exelon Co. (NASDAQ:EXC) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,215 shares of the company’s stock after buying an additional 2,202 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Exelon were worth $510,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Addison Advisors LLC increased its position in Exelon by 50.3% in the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares during the period. Moors & Cabot Inc. increased its position in Exelon by 4.5% in the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock worth $265,000 after purchasing an additional 303 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Exelon by 4.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,088 shares of the company’s stock worth $268,000 after buying an additional 309 shares during the period. Abundance Wealth Counselors grew its position in shares of Exelon by 2.2% during the 3rd quarter. Abundance Wealth Counselors now owns 15,855 shares of the company’s stock worth $599,000 after buying an additional 339 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its position in shares of Exelon by 6.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock worth $212,000 after buying an additional 347 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 0.4 %

EXC opened at $37.55 on Tuesday. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53. The stock’s fifty day simple moving average is $36.94 and its 200 day simple moving average is $36.98. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The stock has a market cap of $37.55 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the prior year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, research analysts expect that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Friday, May 10th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analysts Set New Price Targets

EXC has been the subject of several analyst reports. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Barclays boosted their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Finally, Bank of America decreased their price objective on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $38.83.

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.