Strategic Financial Concepts LLC Has $326,000 Stock Position in Exelon Corporation $EXC

Strategic Financial Concepts LLC lifted its position in shares of Exelon Corporation (NASDAQ:EXC) by 40.0% in the second quarter, Holdings Channel reports. The institutional investor owned 7,500 shares of the company’s stock after acquiring an additional 2,141 shares during the period. Strategic Financial Concepts LLC’s holdings in Exelon were worth $326,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Providence Wealth Advisors LLC lifted its holdings in shares of Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company’s stock worth $1,802,000 after buying an additional 217 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares in the last quarter. CWM LLC lifted its holdings in shares of Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company’s stock worth $1,556,000 after buying an additional 226 shares in the last quarter. Boyd Watterson Asset Management LLC OH lifted its holdings in shares of Exelon by 4.8% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 5,030 shares of the company’s stock worth $218,000 after buying an additional 229 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its holdings in shares of Exelon by 2.4% during the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company’s stock worth $450,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EXC. TD Cowen began coverage on Exelon in a research note on Thursday, October 16th. They issued a “hold” rating and a $49.00 price target for the company. Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research note on Tuesday, October 28th. Barclays boosted their price target on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. UBS Group boosted their price target on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, Morgan Stanley boosted their price target on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.55.

Exelon Stock Performance

NASDAQ:EXC opened at $46.12 on Monday. The stock has a market cap of $46.58 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 2.93 and a beta of 0.40. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock’s 50-day moving average is $45.22 and its 200-day moving average is $44.54. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. Equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is 60.84%.

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.