Exelon Co. (NASDAQ:EXC) Shares Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its stake in Exelon Co. (NASDAQ:EXC) by 3,979.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,840 shares of the company’s stock after acquiring an additional 68,128 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Exelon were worth $2,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in Exelon in the 1st quarter valued at about $26,000. Crewe Advisors LLC acquired a new stake in Exelon during the first quarter worth approximately $26,000. Versant Capital Management Inc grew its stake in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after acquiring an additional 672 shares during the period. J.Safra Asset Management Corp acquired a new position in Exelon in the 2nd quarter valued at $28,000. Finally, American National Bank & Trust lifted its stake in shares of Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Exelon Stock Down 1.6 %

Shares of NASDAQ EXC traded down $0.64 during trading on Friday, reaching $40.07. 5,418,542 shares of the stock were exchanged, compared to its average volume of 6,748,924. The business’s 50-day moving average price is $39.49 and its 200 day moving average price is $37.62. The company has a market capitalization of $40.07 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion for 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 business posted $0.41 EPS. As a group, equities analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

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

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.