RIA Advisory Group LLC Invests $276,000 in Exelon Co. (NASDAQ:EXC)

RIA Advisory Group LLC purchased a new position in Exelon Co. (NASDAQ:EXC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,809 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Blair William & Co. IL grew its position in shares of Exelon by 5.2% in the first quarter. Blair William & Co. IL now owns 28,482 shares of the company’s stock valued at $1,070,000 after purchasing an additional 1,406 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Exelon by 7.5% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 6,001 shares of the company’s stock valued at $225,000 after buying an additional 420 shares in the last quarter. Mizuho Markets Americas LLC bought a new stake in shares of Exelon during the first quarter valued at about $2,621,000. Intech Investment Management LLC boosted its position in shares of Exelon by 7.0% in the first quarter. Intech Investment Management LLC now owns 43,490 shares of the company’s stock valued at $1,634,000 after acquiring an additional 2,846 shares during the period. Finally, Vanguard Group Inc. grew its stake in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Up 2.6 %

Shares of EXC traded up $0.99 on Friday, reaching $39.11. The stock had a trading volume of 9,038,601 shares, compared to its average volume of 6,756,319. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The firm has a market capitalization of $39.30 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. The company has a 50-day simple moving average of $39.68 and a 200-day simple moving average of $37.79.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wells Fargo & Company boosted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley raised their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.33.

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.