Exelon Co. (NASDAQ:EXC) Position Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,840 shares of the company’s stock after acquiring an additional 1,462 shares during the period. Sequoia Financial Advisors LLC’s holdings in Exelon were worth $1,007,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC acquired a new stake in Exelon in the first quarter worth about $473,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Exelon by 49.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 110,227 shares of the company’s stock worth $4,141,000 after acquiring an additional 36,548 shares during the period. Register Financial Advisors LLC bought a new position in shares of Exelon in the first quarter valued at approximately $26,000. Diversified Trust Co increased its stake in shares of Exelon by 105.5% during the first quarter. Diversified Trust Co now owns 34,091 shares of the company’s stock valued at $1,281,000 after acquiring an additional 17,503 shares during the period. Finally, Compton Financial Group LLC acquired a new position in shares of Exelon during the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $40.07 on Friday. The company has a market cap of $40.07 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company’s fifty day moving average is $39.45 and its two-hundred day moving average is $37.61. 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 12-month low of $33.35 and a 12-month high of $41.48.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the prior year, the business earned $0.41 EPS. Equities analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s payout ratio is presently 65.52%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. Barclays increased their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank raised their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group assumed coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Morgan Stanley raised their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company increased their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.33.

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.