Exelon Co. (NASDAQ:EXC) Stock Holdings Boosted by Benjamin F. Edwards & Company Inc.

Posted by Defense World Staff on May 8th, 2023

Benjamin F. Edwards & Company Inc. raised its position in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 30.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,144 shares of the company’s stock after purchasing an additional 726 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Exelon were worth $136,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners bought a new position in Exelon during the 4th quarter valued at $29,000. Cowa LLC bought a new stake in shares of Exelon during the 3rd quarter worth $26,000. Independence Bank of Kentucky boosted its stake in shares of Exelon by 133.3% during the 4th quarter. Independence Bank of Kentucky now owns 700 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. First Financial Corp IN boosted its stake in shares of Exelon by 47.0% during the 4th quarter. First Financial Corp IN now owns 735 shares of the company’s stock worth $32,000 after acquiring an additional 235 shares in the last quarter. Finally, Affiance Financial LLC bought a new stake in shares of Exelon during the 4th quarter worth $32,000. 80.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EXC shares. BMO Capital Markets reduced their price objective on Exelon from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 15th. Wells Fargo & Company reduced their price objective on Exelon from $47.00 to $45.00 in a research note on Wednesday, February 15th. Morgan Stanley raised their price objective on Exelon from $46.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Credit Suisse Group raised their target price on Exelon from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, January 23rd. Finally, StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exelon has an average rating of “Moderate Buy” and a consensus price target of $45.80.

Insider Buying and Selling

In related news, CEO Carim V. Khouzami sold 6,000 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $41.65, for a total value of $249,900.00. Following the sale, the chief executive officer now owns 4,498 shares of the company’s stock, valued at $187,341.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Exelon Price Performance

Shares of NASDAQ EXC opened at $42.85 on Monday. The firm has a market cap of $42.62 billion, a PE ratio of 19.04, a PEG ratio of 2.73 and a beta of 0.62. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 1.56. Exelon Co. has a 1-year low of $35.19 and a 1-year high of $49.86. The company has a fifty day moving average price of $42.53 and a 200 day moving average price of $41.77.

Exelon (NASDAQ:EXC – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The company had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.54 billion. Exelon had a net margin of 11.61% and a return on equity of 9.41%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. Research analysts predict that Exelon Co. will post 2.35 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Monday, May 15th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, May 12th. This represents a $1.44 annualized dividend and a dividend yield of 3.36%. Exelon’s dividend payout ratio is 64.00%.

About Exelon

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Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).