UNIVEST FINANCIAL Corp Increases Holdings in Exelon Co. (NASDAQ:EXC)

UNIVEST FINANCIAL Corp boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 5.3% during the 4th quarter, HoldingsChannel reports. The firm owned 7,375 shares of the company’s stock after buying an additional 374 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Exelon were worth $265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of Exelon by 85.7% in the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock valued at $6,895,000 after acquiring an additional 88,614 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Exelon by 33.9% in the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after purchasing an additional 277,635 shares during the period. Duality Advisers LP boosted its stake in shares of Exelon by 225.3% during the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after purchasing an additional 84,498 shares in the last quarter. Raymond James & Associates increased its holdings in Exelon by 24.4% during the fourth quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock valued at $16,660,000 after buying an additional 91,088 shares during the period. Finally, Principle Wealth Partners LLC bought a new position in Exelon in the fourth quarter worth approximately $1,639,000. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EXC shares. Seaport Res Ptn lowered Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $39.00 in a research report on Wednesday, January 10th. Barclays lifted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Wells Fargo & Company increased their target price on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Scotiabank cut their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $38.83.

Exelon Stock Performance

NASDAQ:EXC traded up $0.36 during midday trading on Tuesday, hitting $37.91. The company’s stock had a trading volume of 9,470,441 shares, compared to its average volume of 6,578,194. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.53. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market cap of $37.91 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.71 and a beta of 0.53. The firm’s 50 day moving average is $36.94 and its 200-day moving average is $36.98.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the company posted $0.43 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. Equities analysts anticipate that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Friday, May 10th. Exelon’s 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.