Marcum Wealth LLC Boosts Stock Position in Exelon Co. (NASDAQ:EXC)

Marcum Wealth LLC boosted its position in Exelon Co. (NASDAQ:EXC) by 9.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,077 shares of the company’s stock after purchasing an additional 627 shares during the quarter. Marcum Wealth LLC’s holdings in Exelon were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its stake in Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after acquiring an additional 274 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after purchasing an additional 285 shares during the period. Ledyard National Bank lifted its stake in shares of Exelon by 5.1% in the 3rd quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock valued at $257,000 after purchasing an additional 308 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Exelon by 1.5% during the 3rd quarter. Allworth Financial LP now owns 20,801 shares of the company’s stock worth $843,000 after purchasing an additional 311 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EXC shares. UBS Group boosted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays boosted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Scotiabank lifted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.38.

Exelon Stock Up 1.0 %

Exelon stock opened at $37.92 on Wednesday. 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 company has a 50-day simple moving average of $37.96 and a 200-day simple moving average of $38.15. The firm has a market capitalization of $38.10 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.63 and a beta of 0.55. Exelon Co. has a one year low of $33.35 and a one year high of $41.19.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. As a group, equities analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 4.01%. Exelon’s payout ratio is 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.