Exelon Co. (NASDAQ:EXC) Stock Position Increased by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA grew its position in Exelon Co. (NASDAQ:EXC) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,166 shares of the company’s stock after purchasing an additional 4,988 shares during the period. Middleton & Co. Inc. MA’s holdings in Exelon were worth $3,859,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in Exelon by 1.5% in the 3rd quarter. Allworth Financial LP now owns 20,801 shares of the company’s stock valued at $843,000 after acquiring an additional 311 shares during the period. Court Place Advisors LLC bought a new position in Exelon in the 3rd quarter valued at about $205,000. Blackston Financial Advisory Group LLC increased its stake in Exelon by 47.9% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 8,839 shares of the company’s stock valued at $358,000 after buying an additional 2,863 shares during the period. Ballentine Partners LLC raised its position in shares of Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after buying an additional 285 shares in the last quarter. Finally, Busey Bank lifted its stake in shares of Exelon by 0.4% in the 3rd quarter. Busey Bank now owns 313,575 shares of the company’s stock worth $12,716,000 after acquiring an additional 1,099 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Barclays lifted their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley raised their target price on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.33.

Exelon Trading Down 1.6 %

Exelon stock opened at $40.07 on Friday. The company has a 50 day moving average price of $39.49 and a 200 day moving average price of $37.62. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The firm has a market capitalization of $40.07 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the previous year, the company posted $0.41 earnings per share. Research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is 65.52%.

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.