7,000 Shares in Exelon Co. (NASDAQ:EXC) Purchased by West Tower Group LLC

West Tower Group LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,000 shares of the company’s stock, valued at approximately $284,000.

Several other large investors have also made changes to their positions in EXC. Foundations Investment Advisors LLC raised its holdings in Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after acquiring an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after acquiring an additional 274 shares in the last quarter. Black Diamond Financial LLC raised its holdings in Exelon by 2.0% in the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after acquiring an additional 279 shares in the last quarter. Ballentine Partners LLC raised its holdings in Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after acquiring an additional 285 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in Exelon by 3.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after acquiring an additional 304 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased 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. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Finally, Morgan Stanley dropped their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Up 1.1 %

Shares of EXC opened at $39.13 on Tuesday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.76 and a beta of 0.54. The business’s fifty day moving average price is $39.61 and its two-hundred day moving average price is $37.84.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company earned $0.67 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s payout ratio is presently 62.55%.

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.