Savvy Advisors Inc. Acquires 715 Shares of Exelon Co. (NASDAQ:EXC)

Savvy Advisors Inc. grew its position in Exelon Co. (NASDAQ:EXC) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,180 shares of the company’s stock after buying an additional 715 shares during the quarter. Savvy Advisors Inc.’s holdings in Exelon were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Exelon during the first quarter worth about $26,000. American National Bank & Trust increased its stake in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares in the last quarter. Versant Capital Management Inc raised its stake in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Exelon in the third quarter valued at about $32,000. Finally, J.Safra Asset Management Corp purchased a new position in Exelon in the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. UBS Group increased their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, Barclays boosted their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average price target of $41.33.

Exelon Trading Down 0.6 %

Shares of EXC stock opened at $38.16 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $38.34 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The firm’s 50 day moving average price is $39.69 and its two-hundred day moving average price is $37.77. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share 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 company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s revenue was up 2.9% on a year-over-year basis. On average, analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.98%. 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.