Marietta Wealth Management LLC Buys Shares of 5,000 Exelon Co. (NASDAQ:EXC)

Marietta Wealth Management LLC purchased a new position in shares of Exelon Co. (NASDAQ:EXC) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 5,000 shares of the company’s stock, valued at approximately $203,000.

Several other large investors also recently modified their holdings of the stock. Lazard Asset Management LLC increased its position in Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. increased 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 worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after acquiring an additional 3,115,763 shares during the last quarter. Swedbank AB bought a new stake in Exelon in the 1st quarter valued at about $96,859,000. Finally, M&G Plc purchased a new stake in Exelon during the first quarter valued at about $89,266,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXC. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Scotiabank lifted their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays increased 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. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Stock Up 0.1 %

EXC stock opened at $40.53 on Wednesday. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.48. The stock has a market cap of $40.55 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The company’s 50 day moving average is $39.31 and its 200 day moving average is $37.57.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the previous year, the firm posted $0.41 EPS. Sell-side analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 dividend yield of 3.75%. Exelon’s dividend payout ratio (DPR) is presently 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.