Cooper Financial Group Boosts Holdings in Exelon Co. (NASDAQ:EXC)

Cooper Financial Group raised its stake in Exelon Co. (NASDAQ:EXC) by 30.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,780 shares of the company’s stock after acquiring an additional 4,198 shares during the quarter. Cooper Financial Group’s holdings in Exelon were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Prime Capital Investment Advisors LLC grew its stake in shares of Exelon by 55.0% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 8,811 shares of the company’s stock worth $316,000 after acquiring an additional 3,127 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Exelon by 68.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 25,343 shares of the company’s stock valued at $910,000 after purchasing an additional 10,332 shares during the period. Cerity Partners LLC lifted its stake in shares of Exelon by 51.4% during the 4th quarter. Cerity Partners LLC now owns 63,074 shares of the company’s stock valued at $2,264,000 after buying an additional 21,421 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in Exelon by 82.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,488 shares of the company’s stock worth $53,000 after buying an additional 674 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in Exelon in the 4th quarter valued at approximately $5,001,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of several recent research reports. Morgan Stanley dropped their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Scotiabank decreased their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays upped their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.27.

Exelon Price Performance

Shares of Exelon stock traded up $0.14 during trading on Tuesday, hitting $37.04. 1,722,089 shares of the stock traded hands, compared to its average volume of 6,829,507. The stock has a market cap of $37.04 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.73 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $42.15. The firm’s fifty day moving average is $35.91 and its 200-day moving average is $36.36.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period last year, the firm posted $0.41 earnings per share. Research analysts expect that Exelon Co. will post 2.43 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.10%. The ex-dividend date is Monday, August 12th. Exelon’s dividend payout ratio is presently 65.52%.

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.