Wilmington Savings Fund Society FSB Invests $376,000 in Exelon Co. (NASDAQ:EXC)

Wilmington Savings Fund Society FSB acquired a new stake in Exelon Co. (NASDAQ:EXC) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 9,261 shares of the company’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of Exelon by 20.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,783 shares of the company’s stock worth $1,031,000 after buying an additional 4,991 shares during the last quarter. Raymond James & Associates lifted its holdings in Exelon by 6.1% in the second quarter. Raymond James & Associates now owns 542,911 shares of the company’s stock worth $18,790,000 after acquiring an additional 31,230 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Exelon by 26.5% in the second quarter. Nisa Investment Advisors LLC now owns 150,133 shares of the company’s stock valued at $5,196,000 after acquiring an additional 31,476 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Exelon by 8.9% during the second quarter. First Horizon Advisors Inc. now owns 4,096 shares of the company’s stock valued at $142,000 after purchasing an additional 334 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Exelon during the 2nd quarter worth approximately $235,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $36.22 on Tuesday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.19. The firm has a market capitalization of $36.39 billion, a PE ratio of 14.91, a P/E/G ratio of 2.63 and a beta of 0.54. The company’s 50 day simple moving average is $38.95 and its 200 day simple moving average is $37.87. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The company 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 firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. As a group, equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.20%. Exelon’s dividend payout ratio (DPR) is 62.55%.

Wall Street Analyst Weigh In

EXC has been the subject of a number of analyst reports. Barclays boosted their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Finally, Morgan Stanley dropped their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Exelon presently has a consensus rating of “Hold” and an average target price of $41.55.

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.