Accel Wealth Management Invests $208,000 in Exelon Co. (NASDAQ:EXC)

Accel Wealth Management purchased a new position in Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,529 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Exelon by 109.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after buying an additional 3,068,309 shares in the last quarter. State Street Corp lifted its stake in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the period. Nordea Investment Management AB grew its holdings in Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after acquiring an additional 2,018,604 shares in the last quarter. FMR LLC increased its position in Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Exelon by 212.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after purchasing an additional 1,293,753 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on EXC shares. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Barclays dropped their price objective on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday. Scotiabank boosted their target price 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. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Moderate Buy” and an average price target of $43.13.

Exelon Trading Up 0.4 %

Shares of Exelon stock opened at $39.38 on Friday. The firm’s 50 day simple moving average is $38.12 and its two-hundred day simple moving average is $38.36. The firm has a market capitalization of $39.57 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.61 and a beta of 0.55. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.19. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its 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 firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Analysts predict that Exelon Co. will post 2.46 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Exelon’s dividend payout ratio is currently 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.