ORG Partners LLC Acquires New Position in Exelon Co. (NASDAQ:EXC)

ORG Partners LLC purchased a new position in Exelon Co. (NASDAQ:EXC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,858 shares of the company’s stock, valued at approximately $99,000.

A number of other large investors have also recently bought and sold shares of EXC. Ferguson Wellman Capital Management Inc. grew its position in Exelon by 2.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock worth $553,000 after buying an additional 310 shares during the last quarter. Clarius Group LLC increased its holdings in shares of Exelon by 6.6% during the 2nd quarter. Clarius Group LLC now owns 5,871 shares of the company’s stock valued at $203,000 after acquiring an additional 364 shares during the last quarter. UNIVEST FINANCIAL Corp raised its position in shares of Exelon by 5.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock valued at $265,000 after purchasing an additional 374 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Exelon by 11.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock worth $129,000 after buying an additional 382 shares during the last quarter. Finally, Steph & Co. boosted its holdings in Exelon by 2.0% during the fourth quarter. Steph & Co. now owns 19,831 shares of the company’s stock valued at $712,000 after acquiring an additional 397 shares during the period. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research analyst reports. BMO Capital Markets upped 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. Barclays upped their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Morgan Stanley lowered their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, June 24th. Wells Fargo & Company lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Scotiabank cut their target price 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. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Exelon presently has an average rating of “Hold” and an average target price of $39.27.

Exelon Stock Performance

Exelon stock traded up $0.17 during trading hours on Thursday, hitting $37.20. The company had a trading volume of 1,157,324 shares, compared to its average volume of 6,813,957. Exelon Co. has a one year low of $33.35 and a one year high of $42.15. The firm has a market cap of $37.22 billion, a PE ratio of 15.96, a PEG ratio of 2.72 and a beta of 0.52. The firm has a 50-day moving average of $35.91 and a 200 day moving average of $36.38. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

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

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders 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 dividend yield of 4.09%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 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.