Baltimore Washington Financial Advisors Inc. Makes New $225,000 Investment in Exelon Co. (NASDAQ:EXC)

Baltimore Washington Financial Advisors Inc. bought a new position in Exelon Co. (NASDAQ:EXC) during the third quarter, Holdings Channel.com reports. The fund bought 5,537 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust grew its stake in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the third quarter valued at approximately $32,000. J.Safra Asset Management Corp bought a new position in shares of Exelon during the second quarter valued at approximately $28,000. Finally, Abound Wealth Management boosted its stake in shares of Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after purchasing an additional 744 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Trading Down 1.5 %

NASDAQ EXC opened at $38.71 on Friday. The company has a fifty day simple moving average of $39.64 and a two-hundred day simple moving average of $37.83. The stock has a market cap of $38.90 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.54. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

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

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.93%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXC. Barclays increased their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Scotiabank increased their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Wells Fargo & Company raised their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $41.25.

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.