HBK Sorce Advisory LLC Has $816,000 Stake in Exelon Co. (NASDAQ:EXC)

HBK Sorce Advisory LLC increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,576 shares of the company’s stock after purchasing an additional 425 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Exelon were worth $816,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in EXC. Heritage Wealth Advisors lifted its stake in Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after acquiring an additional 495 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Exelon in the first quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in Exelon in the first quarter valued at $26,000. Versant Capital Management Inc lifted its stake in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 672 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Exelon during the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXC shares. Wells Fargo & Company raised their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays raised their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley raised their target price 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. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and an average price target of $39.82.

Exelon Stock Up 0.9 %

NASDAQ:EXC opened at $40.23 on Friday. The firm’s 50 day simple moving average is $37.31 and its 200 day simple moving average is $36.91. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a one year low of $33.35 and a one year high of $42.15. The company has a market cap of $40.23 billion, a PE ratio of 17.34, a P/E/G ratio of 2.84 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period last year, the company earned $0.41 EPS. On average, research analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.78%. Exelon’s dividend payout ratio is presently 65.52%.

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.