Redwood Wealth Management Group LLC Acquires New Shares in Exelon Co. (NASDAQ:EXC)

Redwood Wealth Management Group LLC bought a new position in shares of Exelon Co. (NASDAQ:EXC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,046 shares of the company’s stock, valued at approximately $71,000.

A number of other large investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Exelon by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock valued at $103,389,000 after acquiring an additional 200,476 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Exelon by 10.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,309 shares of the company’s stock valued at $693,000 after purchasing an additional 1,901 shares during the period. Fiera Capital Corp purchased a new position in shares of Exelon during the 4th quarter valued at $201,000. Kingsview Wealth Management LLC increased its holdings in shares of Exelon by 8.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 34,929 shares of the company’s stock worth $1,254,000 after purchasing an additional 2,769 shares during the period. Finally, Kentucky Retirement Systems raised its position in shares of Exelon by 3.9% in the fourth quarter. Kentucky Retirement Systems now owns 79,646 shares of the company’s stock worth $2,859,000 after buying an additional 2,981 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXC. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley upped their price objective on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays increased their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus price target of $39.82.

Exelon Price Performance

EXC opened at $40.23 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $37.31 and its 200 day simple moving average is $36.92. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.84 and a beta of 0.53. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. As a group, analysts predict that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.78%. Exelon’s dividend payout ratio is currently 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.