Exelon Co. (NYSE:EXC) Stake Boosted by GWM Advisors LLC

GWM Advisors LLC increased its holdings in shares of Exelon Co. (NYSE:EXC) by 272.5% during the 1st quarter, HoldingsChannel reports. The firm owned 23,459 shares of the energy giant’s stock after purchasing an additional 17,162 shares during the period. GWM Advisors LLC’s holdings in Exelon were worth $1,176,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. First Bank & Trust purchased a new stake in shares of Exelon in the 1st quarter worth $25,000. Centersquare Investment Management LLC purchased a new stake in Exelon in the 1st quarter worth $26,000. LFA Lugano Financial Advisors SA purchased a new stake in Exelon in the 1st quarter worth $29,000. Braun Bostich & Associates Inc. increased its stake in Exelon by 51.7% in the 4th quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock worth $28,000 after buying an additional 209 shares in the last quarter. Finally, Capital Financial Planning LLC purchased a new stake in Exelon in the 4th quarter worth $29,000. Institutional investors and hedge funds own 79.78% of the company’s stock.

Shares of NYSE:EXC opened at $50.39 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.02 and a debt-to-equity ratio of 0.99. Exelon Co. has a 12 month low of $40.40 and a 12 month high of $51.18. The stock has a market capitalization of $48.98 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 4.23 and a beta of 0.39.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, May 2nd. The energy giant reported $0.87 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.87. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The firm had revenue of $9.48 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Exelon Co. will post 3.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Tuesday, May 14th. Exelon’s dividend payout ratio (DPR) is currently 46.47%.

Several research analysts have commented on EXC shares. Morgan Stanley increased their price objective on shares of Exelon from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Goldman Sachs Group raised shares of Exelon from a “sell” rating to a “neutral” rating and increased their price objective for the company from $43.00 to $47.00 in a report on Tuesday, April 9th. Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $50.00 to $57.00 in a report on Tuesday, April 2nd. KeyCorp started coverage on shares of Exelon in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. Finally, Mizuho increased their price objective on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $49.41.

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About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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