Farther Finance Advisors LLC Buys 7,789 Shares of Exelon Co. (NASDAQ:EXC)

Farther Finance Advisors LLC boosted its stake in Exelon Co. (NASDAQ:EXC) by 126.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,972 shares of the company’s stock after acquiring an additional 7,789 shares during the period. Farther Finance Advisors LLC’s holdings in Exelon were worth $642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of Exelon by 237.4% during the 4th quarter. Empowered Funds LLC now owns 57,289 shares of the company’s stock valued at $2,156,000 after purchasing an additional 40,309 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of Exelon by 12.8% during the 4th quarter. Stephens Inc. AR now owns 14,154 shares of the company’s stock worth $533,000 after buying an additional 1,610 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Exelon by 39.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 577,277 shares of the company’s stock worth $21,740,000 after buying an additional 162,007 shares during the period. Van ECK Associates Corp increased its stake in Exelon by 8.5% in the fourth quarter. Van ECK Associates Corp now owns 313,499 shares of the company’s stock valued at $11,800,000 after purchasing an additional 24,565 shares in the last quarter. Finally, Avestar Capital LLC increased its position in Exelon by 10.0% in the 4th quarter. Avestar Capital LLC now owns 5,575 shares of the company’s stock valued at $210,000 after buying an additional 508 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Morgan Stanley lowered their target price on Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 22nd. Wells Fargo & Company upped their price objective on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Evercore ISI lifted their price objective on Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets upped their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Exelon has a consensus rating of “Hold” and an average price target of $47.40.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $43.25 on Friday. The stock has a market cap of $43.66 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 2.86 and a beta of 0.39. The stock’s 50-day moving average is $44.78 and its 200 day moving average is $42.22. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.30 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.70%. Exelon’s payout ratio is currently 59.48%.

About Exelon

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.