Garde Capital Inc. Invests $109,000 in Exelon Corporation (NASDAQ:EXC)

Garde Capital Inc. bought a new position in Exelon Corporation (NASDAQ:EXC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,373 shares of the company’s stock, valued at approximately $109,000.

Other institutional investors have also bought and sold shares of the company. Allianz SE purchased a new position in shares of Exelon in the fourth quarter worth about $5,953,000. IFP Advisors Inc boosted its holdings in Exelon by 71.9% in the 4th quarter. IFP Advisors Inc now owns 3,547 shares of the company’s stock worth $134,000 after buying an additional 1,483 shares during the period. Schroder Investment Management Group grew its stake in Exelon by 86.7% in the 4th quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company’s stock valued at $59,329,000 after buying an additional 732,355 shares in the last quarter. Parallel Advisors LLC grew its stake in Exelon by 11.2% in the 4th quarter. Parallel Advisors LLC now owns 8,356 shares of the company’s stock valued at $315,000 after buying an additional 844 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Exelon during the 4th quarter valued at $4,289,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC opened at $42.60 on Friday. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The company has a market cap of $43.01 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 2.46 and a beta of 0.39. The stock has a 50-day moving average price of $44.54 and a 200-day moving average price of $42.35.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. Exelon’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share. As a group, equities analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.76%. Exelon’s payout ratio is 59.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. KeyCorp lowered Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 target price for the company. in a report on Wednesday, May 14th. Morgan Stanley decreased their price target on Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Finally, BMO Capital Markets boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $47.40.

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.