Apollon Wealth Management LLC increased its position in Exelon Co. (NASDAQ:EXC – Get Rating) by 30.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,083 shares of the company’s stock after buying an additional 2,139 shares during the quarter. Apollon Wealth Management LLC’s holdings in Exelon were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC increased its stake in shares of Exelon by 62,900.0% in the second quarter. GoalVest Advisory LLC now owns 630 shares of the company’s stock valued at $27,000 after buying an additional 629 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of Exelon by 195.5% in the first quarter. Princeton Global Asset Management LLC now owns 662 shares of the company’s stock valued at $32,000 after buying an additional 438 shares during the period. Hallmark Capital Management Inc. acquired a new position in shares of Exelon in the second quarter valued at approximately $32,000. Prentice Wealth Management LLC acquired a new position in shares of Exelon in the second quarter valued at approximately $36,000. Finally, ACG Wealth acquired a new stake in Exelon during the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 82.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, November 11th. StockNews.com assumed coverage on shares of Exelon in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Credit Suisse Group assumed coverage on shares of Exelon in a research report on Wednesday, October 19th. They set an “outperform” rating and a $39.00 target price for the company. BMO Capital Markets decreased their target price on shares of Exelon from $51.00 to $41.00 in a research report on Tuesday, October 18th. Finally, Mizuho reduced their price objective on shares of Exelon from $47.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.
Exelon Price Performance
Exelon (NASDAQ:EXC – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. Exelon had a return on equity of 10.12% and a net margin of 8.85%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.69 billion. During the same period last year, the business earned $1.09 EPS. The business’s revenue was down 45.6% on a year-over-year basis. As a group, analysts forecast that Exelon Co. will post 2.27 EPS for the current fiscal year.
Exelon Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be paid a dividend of $0.3375 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Monday, November 14th. Exelon’s payout ratio is 62.50%.
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.
- Get a free copy of the StockNews.com research report on Exelon (EXC)
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