Beech Hill Advisors Inc. Has $988,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Beech Hill Advisors Inc. grew its position in shares of Exelon Co. (NASDAQ:EXC) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,244 shares of the company’s stock after acquiring an additional 410 shares during the quarter. Beech Hill Advisors Inc.’s holdings in Exelon were worth $988,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Exelon by 8.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 39,929 shares of the company’s stock worth $1,503,000 after buying an additional 3,111 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its position in Exelon by 0.7% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 50,139 shares of the company’s stock valued at $1,887,000 after purchasing an additional 368 shares during the last quarter. Burney Co. increased its position in shares of Exelon by 35.4% during the 4th quarter. Burney Co. now owns 34,176 shares of the company’s stock worth $1,286,000 after purchasing an additional 8,928 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Exelon by 13.5% during the 4th quarter. Park Avenue Securities LLC now owns 19,654 shares of the company’s stock worth $740,000 after purchasing an additional 2,336 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Exelon by 212.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after buying an additional 1,293,753 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EXC shares. Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank upped their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Barclays lifted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, UBS Group boosted their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.38.

Exelon Stock Performance

Shares of NASDAQ EXC traded up $0.40 during trading hours on Thursday, reaching $38.42. 232,326 shares of the stock were exchanged, compared to its average volume of 5,269,122. The firm has a market capitalization of $38.61 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 2.48 and a beta of 0.55. The stock’s fifty day simple moving average is $37.96 and its 200 day simple moving average is $38.15. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Sell-side analysts predict that Exelon Co. will post 2.46 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Friday, November 8th. Exelon’s dividend payout ratio is currently 62.55%.

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.