Cetera Investment Advisers Buys 6,783 Shares of Exelon Co. (NASDAQ:EXC)

Cetera Investment Advisers increased its position in shares of Exelon Co. (NASDAQ:EXC) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,312 shares of the company’s stock after purchasing an additional 6,783 shares during the quarter. Cetera Investment Advisers’ holdings in Exelon were worth $8,970,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EXC. Captrust Financial Advisors raised its holdings in shares of Exelon by 8.4% during the 4th quarter. Captrust Financial Advisors now owns 49,951 shares of the company’s stock worth $1,880,000 after buying an additional 3,870 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Exelon during the fourth quarter worth about $174,000. Chapman Financial Group LLC bought a new position in shares of Exelon in the fourth quarter worth about $54,000. Bayesian Capital Management LP acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $6,177,000. Finally, Beck Bode LLC grew its holdings in shares of Exelon by 11.8% during the 4th quarter. Beck Bode LLC now owns 431,734 shares of the company’s stock valued at $16,250,000 after purchasing an additional 45,729 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. Scotiabank lifted their price target on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price target on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Barclays lifted their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets lifted their price target on Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.22.

Exelon Trading Up 0.2%

NASDAQ EXC opened at $45.21 on Monday. The company has a market cap of $45.64 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 2.86 and a beta of 0.43. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The business has a 50 day moving average price of $45.23 and a 200-day moving average price of $41.45. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.54%. Exelon’s dividend payout ratio is 59.48%.

Exelon 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.