New Age Alpha Advisors LLC Raises Stake in Exelon Corporation (NASDAQ:EXC)

New Age Alpha Advisors LLC grew its position in Exelon Corporation (NASDAQ:EXC) by 93.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 170,360 shares of the company’s stock after buying an additional 82,305 shares during the period. New Age Alpha Advisors LLC’s holdings in Exelon were worth $7,850,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in Exelon in the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. raised its holdings in Exelon by 46.4% in 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 during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Exelon in the first quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon in the first quarter worth approximately $42,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Exelon in the fourth quarter worth approximately $44,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research analyst reports. Guggenheim lifted their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Morgan Stanley reduced their price target on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating for the company in a research note on Wednesday, July 16th. Evercore ISI lifted their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $47.20.

Exelon Price Performance

Shares of NASDAQ:EXC opened at $45.17 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The firm has a fifty day moving average price of $43.32 and a 200 day moving average price of $43.67. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The firm has a market cap of $45.60 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 2.62 and a beta of 0.38.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Exelon’s dividend payout ratio is presently 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.