Steel Grove Capital Advisors LLC Has $2.23 Million Stake in Exelon Corporation (NASDAQ:EXC)

Steel Grove Capital Advisors LLC boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,390 shares of the company’s stock after buying an additional 933 shares during the period. Steel Grove Capital Advisors LLC’s holdings in Exelon were worth $2,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ameriflex Group Inc. acquired a new position in shares of Exelon in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC bought a new stake in Exelon in the fourth quarter valued at $28,000. Capital Advisors Ltd. LLC raised its stake in Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock worth $35,000 after acquiring an additional 513 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Exelon during the fourth quarter valued at $36,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Exelon during the fourth quarter valued at $40,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on EXC. BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Guggenheim raised their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. KeyCorp cut shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 target price for the company. in a research note on Wednesday, May 14th. UBS Group restated a “neutral” rating and set a $48.00 price target (up from $46.00) on shares of Exelon in a research report on Monday, June 2nd. Finally, Morgan Stanley dropped their price target on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average target price of $47.40.

Exelon Stock Down 0.0%

NASDAQ:EXC opened at $42.37 on Thursday. The company has a market cap of $42.77 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.45 and a beta of 0.39. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The stock’s fifty day moving average price is $44.67 and its two-hundred day moving average price is $42.26. Exelon Corporation has a 52-week low of $34.01 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC) last released 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 company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. On average, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend was Monday, May 12th. Exelon’s dividend payout ratio (DPR) is 59.48%.

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.