Yardley Wealth Management LLC Purchases Shares of 8,000 Exelon Co. (NASDAQ:EXC)

Yardley Wealth Management LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,000 shares of the company’s stock, valued at approximately $324,000.

Several other large investors also recently made changes to their positions in EXC. Lazard Asset Management LLC boosted its position in Exelon by 112.4% during the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after buying an additional 113,428 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after buying an additional 3,115,763 shares during the period. Bank of Montreal Can grew its stake in shares of Exelon by 0.5% in the second quarter. Bank of Montreal Can now owns 3,438,056 shares of the company’s stock valued at $120,710,000 after buying an additional 15,620 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Exelon by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock valued at $112,364,000 after buying an additional 237,950 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EXC. UBS Group upped their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average price target of $41.33.

Exelon Trading Down 0.5 %

Exelon stock opened at $39.05 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The firm’s 50-day moving average is $39.69 and its 200-day moving average is $37.80. The company has a market cap of $39.24 billion, a P/E ratio of 16.14, a PEG ratio of 2.79 and a beta of 0.54.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.89%. Exelon’s payout ratio is currently 62.55%.

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.