Etesian Wealth Advisors Inc. Buys 1,415 Shares of Exelon Co. (NASDAQ:EXC)

Etesian Wealth Advisors Inc. raised its stake in Exelon Co. (NASDAQ:EXC) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,914 shares of the company’s stock after acquiring an additional 1,415 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Exelon were worth $1,537,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Ferguson Wellman Capital Management Inc. raised its stake in Exelon by 2.2% during the first quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock valued at $553,000 after purchasing an additional 310 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its position in shares of Exelon by 6.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,912 shares of the company’s stock valued at $212,000 after buying an additional 347 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Exelon by 1.4% in the fourth quarter. Uncommon Cents Investing LLC now owns 25,555 shares of the company’s stock worth $917,000 after acquiring an additional 360 shares in the last quarter. UNIVEST FINANCIAL Corp increased its stake in Exelon by 5.3% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,375 shares of the company’s stock worth $265,000 after acquiring an additional 374 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Exelon by 11.9% during the fourth quarter. Hexagon Capital Partners LLC now owns 3,595 shares of the company’s stock valued at $129,000 after purchasing an additional 382 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.4 %

Shares of EXC traded down $0.13 during mid-day trading on Wednesday, hitting $34.69. 1,740,575 shares of the company traded hands, compared to its average volume of 6,858,080. The business has a 50 day moving average of $36.97 and a 200 day moving average of $36.36. The company has a market capitalization of $34.69 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 2.54 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. Equities research analysts anticipate that Exelon Co. will post 2.42 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.38%. Exelon’s dividend payout ratio is currently 65.52%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXC. Wells Fargo & Company raised their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. BMO Capital Markets upped their price objective on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Barclays lifted their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Morgan Stanley reduced their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.91.

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.