AE Wealth Management LLC Acquires Shares of 6,345 Exelon Co. (EXC)

AE Wealth Management LLC acquired a new stake in shares of Exelon Co. (NYSE:EXC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,345 shares of the energy giant’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Credit Agricole S A lifted its stake in shares of Exelon by 24.5% in the second quarter. Credit Agricole S A now owns 6,225 shares of the energy giant’s stock worth $265,000 after buying an additional 1,225 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Exelon by 4.2% in the second quarter. IFP Advisors Inc now owns 30,932 shares of the energy giant’s stock worth $1,318,000 after buying an additional 1,234 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Exelon by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 28,596 shares of the energy giant’s stock worth $1,218,000 after buying an additional 1,235 shares in the last quarter. Lincoln National Corp lifted its stake in shares of Exelon by 13.2% in the second quarter. Lincoln National Corp now owns 10,658 shares of the energy giant’s stock worth $454,000 after buying an additional 1,240 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Exelon by 18.5% in the second quarter. Park Avenue Securities LLC now owns 7,981 shares of the energy giant’s stock worth $342,000 after buying an additional 1,247 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of EXC stock opened at $44.08 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. Exelon Co. has a 12 month low of $35.57 and a 12 month high of $45.05. The stock has a market cap of $42.62 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 2.51 and a beta of 0.21.

Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.10. Exelon had a net margin of 11.25% and a return on equity of 9.48%. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $7.39 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. Exelon’s quarterly revenue was up 5.4% compared to the same quarter last year. research analysts anticipate that Exelon Co. will post 3.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, August 14th. Exelon’s dividend payout ratio (DPR) is presently 53.08%.

EXC has been the topic of several research reports. SunTrust Banks downgraded shares of Exelon from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Exelon from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, June 12th. Guggenheim reissued a “buy” rating and issued a $51.00 price target on shares of Exelon in a research note on Monday, July 23rd. Scotiabank initiated coverage on shares of Exelon in a research note on Tuesday, July 24th. They issued a “hold” rating and a $47.00 price target on the stock. Finally, Barclays initiated coverage on shares of Exelon in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $46.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $44.19.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It 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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