Great Valley Advisor Group Inc. Grows Stock Holdings in Exelon Co. (NASDAQ:EXC)

Great Valley Advisor Group Inc. increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 4.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 23,841 shares of the company’s stock after acquiring an additional 1,041 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Exelon were worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its position in Exelon by 3.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after purchasing an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after purchasing an additional 274 shares during the period. Black Diamond Financial LLC boosted its holdings in Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock worth $487,000 after buying an additional 279 shares in the last quarter. Ballentine Partners LLC grew its position in Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after buying an additional 285 shares during the period. Finally, Aptus Capital Advisors LLC increased its holdings in Exelon by 3.3% in the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after buying an additional 304 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Up 1.1 %

Shares of NASDAQ EXC opened at $39.13 on Tuesday. The stock has a market cap of $39.32 billion, a PE ratio of 16.10, a P/E/G ratio of 2.76 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a 50-day moving average of $39.61 and a 200 day moving average of $37.84.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm earned $0.67 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday. Scotiabank boosted their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and an average price target of $41.25.

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.