FRG Family Wealth Advisors LLC Sells 925 Shares of Exelon Co. (NASDAQ:EXC)

FRG Family Wealth Advisors LLC lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,454 shares of the company’s stock after selling 925 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Exelon were worth $919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EXC. Lazard Asset Management LLC increased its holdings in shares of Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Vanguard Group Inc. raised its holdings in Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. Norges Bank bought a new stake in shares of Exelon during the 4th quarter valued at $382,015,000. Los Angeles Capital Management LLC grew its holdings in shares of Exelon by 666.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after purchasing an additional 3,115,763 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Exelon in the first quarter worth $96,859,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Exelon Trading Up 1.4 %

Shares of EXC stock opened at $38.73 on Tuesday. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $42.15. The stock’s fifty day simple moving average is $36.91 and its 200 day simple moving average is $36.82. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $38.73 billion, a P/E ratio of 16.69, a P/E/G ratio of 2.77 and a beta of 0.53.

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

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio (DPR) 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.