HighPoint Advisor Group LLC Purchases New Stake in Exelon Co. (NASDAQ:EXC)

HighPoint Advisor Group LLC purchased a new stake in Exelon Co. (NASDAQ:EXCFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 88,908 shares of the company’s stock, valued at approximately $3,276,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Redhawk Wealth Advisors Inc. grew its holdings in shares of 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 purchasing an additional 347 shares during the last quarter. Uncommon Cents Investing LLC boosted its holdings in Exelon by 1.4% in the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock valued at $917,000 after acquiring an additional 360 shares during the last quarter. UNIVEST FINANCIAL Corp boosted its holdings in 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 acquiring an additional 374 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in Exelon by 11.9% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock valued at $129,000 after acquiring an additional 382 shares during the last quarter. Finally, Steph & Co. boosted its holdings in Exelon by 2.0% in 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 last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXC shares. Barclays increased their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Scotiabank lowered their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Wells Fargo & Company upped their target price on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley upped their target price on Exelon from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Exelon has an average rating of “Hold” and a consensus target price of $39.09.

Get Our Latest Analysis on Exelon

Exelon Price Performance

NASDAQ EXC traded up $0.12 during trading hours on Tuesday, hitting $35.29. The company had a trading volume of 296,209 shares, compared to its average volume of 6,613,535. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53. The firm has a 50 day simple moving average of $37.17 and a 200 day simple moving average of $36.53. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. The firm has a market capitalization of $35.29 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.59 and a beta of 0.52.

Exelon (NASDAQ:EXCGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Equities research analysts expect that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.31%. Exelon’s dividend payout ratio is 65.52%.

About Exelon

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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