iA Global Asset Management Inc. Purchases 7,442 Shares of Exelon Co. (NASDAQ:EXC)

iA Global Asset Management Inc. increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,586 shares of the company’s stock after buying an additional 7,442 shares during the quarter. iA Global Asset Management Inc.’s holdings in Exelon were worth $4,681,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Heritage Wealth Advisors increased its holdings in Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Exelon during the first quarter worth about $26,000. Crewe Advisors LLC acquired a new stake in Exelon in the 1st quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A bought a new stake in Exelon in the 4th quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC boosted its position in Exelon by 174.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock worth $41,000 after acquiring an additional 722 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Barclays raised their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Morgan Stanley dropped their target price on Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Finally, Scotiabank decreased their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.09.

Exelon Stock Performance

Shares of NASDAQ:EXC traded up $1.06 on Thursday, hitting $38.26. The company had a trading volume of 7,253,151 shares, compared to its average volume of 6,850,488. The stock has a market cap of $38.26 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 2.71 and a beta of 0.52. The stock has a 50 day moving average price of $35.77 and a 200 day moving average price of $36.21. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $42.15. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. Analysts expect that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.97%. Exelon’s payout ratio is currently 65.52%.

Exelon Company 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.