Yardley Wealth Management LLC Takes Position in Exelon Co. (NASDAQ:EXC)

Yardley Wealth Management LLC purchased a new position in shares of Exelon Co. (NASDAQ:EXC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,000 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Clearbridge Investments LLC raised its stake in shares of Exelon by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after buying an additional 156,201 shares in the last quarter. Czech National Bank lifted its holdings in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after acquiring an additional 15,389 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Exelon during the 1st quarter worth $681,000. Andra AP fonden grew its stake in shares of Exelon by 56.4% during the 2nd quarter. Andra AP fonden now owns 138,100 shares of the company’s stock worth $4,780,000 after purchasing an additional 49,800 shares during the period. Finally, Cetera Advisors LLC increased its holdings in shares of Exelon by 33.6% in the 1st quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock valued at $2,146,000 after purchasing an additional 14,366 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $39.05 on Tuesday. The company has a 50-day simple moving average of $39.69 and a 200-day simple moving average of $37.80. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market cap of $39.24 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42.

Exelon (NASDAQ:EXC) last released its earnings results 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 firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the previous year, the company earned $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Analysts Set New Price Targets

EXC has been the topic of a number of research analyst reports. 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 report on Friday, September 20th. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Barclays lifted their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley raised their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.33.

About Exelon

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.