Jamison Private Wealth Management Inc. Purchases 2,324 Shares of Exelon Co. (NASDAQ:EXC)

Jamison Private Wealth Management Inc. boosted its position in Exelon Co. (NASDAQ:EXC) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,095 shares of the company’s stock after acquiring an additional 2,324 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Exelon were worth $1,961,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. 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 valued at $28,000 after buying an additional 447 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon during the third quarter worth $32,000. Versant Capital Management Inc lifted its holdings in Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock worth $39,000 after purchasing an additional 379 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Exelon in the second quarter worth about $57,000. Finally, UMB Bank n.a. boosted its position in shares of Exelon by 92.7% in the third quarter. UMB Bank n.a. now owns 1,528 shares of the company’s stock valued at $62,000 after acquiring an additional 735 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Scotiabank increased their target price 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. Barclays dropped their price objective on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday. Morgan Stanley dropped 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. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and raised their target price for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.13.

Exelon Price Performance

EXC opened at $39.38 on Friday. The stock’s 50 day moving average price is $38.12 and its 200-day moving average price is $38.36. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.19. The stock has a market capitalization of $39.57 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 2.61 and a beta of 0.55. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that Exelon Co. will post 2.46 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.86%. Exelon’s dividend payout ratio (DPR) is 62.55%.

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.