6,575 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Leigh Baldwin & CO. LLC

Leigh Baldwin & CO. LLC purchased a new position in shares of Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,575 shares of the company’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Ameriflex Group Inc. purchased a new position in Exelon during the fourth quarter worth about $25,000. Millstone Evans Group LLC purchased a new position in Exelon during the fourth quarter worth about $28,000. Stephens Consulting LLC boosted its stake in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after acquiring an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in Exelon in the fourth quarter valued at about $30,000. Finally, Crews Bank & Trust purchased a new position in Exelon in the fourth quarter valued at about $34,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Exelon stock opened at $43.67 on Monday. The firm’s 50 day simple moving average is $45.25 and its 200 day simple moving average is $41.78. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $44.09 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. Exelon’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Monday, May 12th. Exelon’s dividend payout ratio (DPR) is presently 59.48%.

Analyst Ratings Changes

A number of research analysts have weighed in on EXC shares. Morgan Stanley dropped their target price on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday. Barclays boosted their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. KeyCorp cut shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 target price on the stock. in a research note on Wednesday, May 14th. UBS Group boosted their target price on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.30.

About Exelon

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.