Providence Wealth Advisors LLC Purchases 833 Shares of Exelon Co. (NASDAQ:EXC)

Providence Wealth Advisors LLC increased its position in shares of Exelon Co. (NASDAQ:EXC) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,378 shares of the company’s stock after acquiring an additional 833 shares during the period. Exelon makes up about 1.2% of Providence Wealth Advisors LLC’s holdings, making the stock its 29th biggest position. Providence Wealth Advisors LLC’s holdings in Exelon were worth $1,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American National Bank & Trust increased its holdings in Exelon by 178.8% during 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 during the period. Versant Capital Management Inc increased its holdings in Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after acquiring an additional 672 shares during the period. Ashton Thomas Securities LLC bought a new stake in Exelon during the 3rd quarter worth approximately $32,000. J.Safra Asset Management Corp purchased a new position in Exelon in the 2nd quarter worth approximately $28,000. Finally, Abound Wealth Management grew its stake in Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after buying an additional 744 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Up 0.1 %

Shares of EXC opened at $39.51 on Friday. The stock has a market capitalization of $39.70 billion, a P/E ratio of 16.26, a PEG ratio of 2.82 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a fifty day simple moving average of $39.60 and a two-hundred day simple moving average of $37.88. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.85%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXC. Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays boosted their price target on shares of Exelon from $41.00 to $44.00 and gave the stock 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 issued a “buy” rating and a $46.00 price target for the company. Finally, Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.25.

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.