Oak Thistle LLC Purchases Shares of 16,701 Exelon Co. (NASDAQ:EXC)

Oak Thistle LLC purchased a new stake in Exelon Co. (NASDAQ:EXC) during the second quarter, Holdings Channel reports. The firm purchased 16,701 shares of the company’s stock, valued at approximately $578,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. Aptus Capital Advisors LLC boosted its holdings in Exelon by 3.3% in the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock worth $326,000 after acquiring an additional 304 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its position in Exelon by 2.2% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock worth $553,000 after purchasing an additional 310 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Exelon by 8.9% during the 2nd 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 in the last quarter. Essex Financial Services Inc. raised its holdings in shares of Exelon by 5.3% in the second quarter. Essex Financial Services Inc. now owns 7,155 shares of the company’s stock worth $248,000 after buying an additional 358 shares during the last quarter. Finally, Clarius Group LLC lifted its stake in shares of Exelon by 6.6% during the second quarter. Clarius Group LLC now owns 5,871 shares of the company’s stock worth $203,000 after buying an additional 364 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $38.20 on Monday. The company has a market capitalization of $38.22 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.77 and a beta of 0.53. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $42.15. The business’s 50 day moving average is $36.82 and its two-hundred day moving average is $36.80. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the previous year, the firm earned $0.41 EPS. Analysts expect that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.98%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analysts Set New Price Targets

EXC has been the topic of several research reports. Barclays upped their target price on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Morgan Stanley increased their price objective on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Scotiabank increased their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.82.

Exelon Company 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.