Axxcess Wealth Management LLC Raises Stock Holdings in Exelon Co. (NASDAQ:EXC)

Axxcess Wealth Management LLC grew its position in Exelon Co. (NASDAQ:EXC) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,558 shares of the company’s stock after purchasing an additional 602 shares during the period. Axxcess Wealth Management LLC’s holdings in Exelon were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Addison Advisors LLC raised its stake in shares of Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after buying an additional 276 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Exelon by 4.5% during the 3rd quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock worth $265,000 after purchasing an additional 303 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Exelon by 4.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 7,088 shares of the company’s stock valued at $268,000 after purchasing an additional 309 shares in the last quarter. Abundance Wealth Counselors lifted its stake in shares of Exelon by 2.2% in the 3rd quarter. Abundance Wealth Counselors now owns 15,855 shares of the company’s stock valued at $599,000 after purchasing an additional 339 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in Exelon by 6.2% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock worth $212,000 after buying an additional 347 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 0.2 %

NASDAQ EXC opened at $37.82 on Thursday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53. The firm has a market cap of $37.82 billion, a PE ratio of 16.30, a P/E/G ratio of 2.71 and a beta of 0.53. The business’s fifty day simple moving average is $37.02 and its 200-day simple moving average is $36.96. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the firm earned $0.43 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts anticipate that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, May 10th. Exelon’s dividend payout ratio is presently 65.52%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXC. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. BMO Capital Markets increased their price target on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. TheStreet cut Exelon from a “b-” rating to a “c+” rating in a research report on Wednesday, February 7th. Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. Finally, Barclays upped their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.83.

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.