Crewe Advisors LLC Acquires Shares of 681 Exelon Co. (NASDAQ:EXC)

Crewe Advisors LLC acquired a new stake in Exelon Co. (NASDAQ:EXC) during the first quarter, Holdings Channel.com reports. The fund acquired 681 shares of the company’s stock, valued at approximately $26,000.

Other large investors also recently made changes to their positions in the company. TD Asset Management Inc lifted its position in shares of Exelon by 2.3% during the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after purchasing an additional 23,270 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after buying an additional 88,614 shares during the last quarter. Vanguard Group Inc. increased its holdings in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. National Bank of Canada FI increased its holdings in Exelon by 33.9% during the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after buying an additional 277,635 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after buying an additional 156,201 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Up 0.0 %

Shares of EXC traded up $0.01 during trading hours on Thursday, hitting $36.48. The company had a trading volume of 7,116,886 shares, compared to its average volume of 6,873,808. The firm has a market cap of $36.48 billion, a P/E ratio of 15.72, a P/E/G ratio of 2.61 and a beta of 0.52. The stock’s 50 day moving average price is $35.87 and its 200 day moving average price is $36.19. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. On average, research analysts predict that Exelon Co. will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 4.17%. Exelon’s payout ratio is 65.52%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday. Scotiabank reduced their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Morgan Stanley reduced their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. BMO Capital Markets boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Wells Fargo & Company lifted their target price on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus target price of $39.09.

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.