Stonebridge Capital Advisors LLC Invests $683,000 in Exelon Co. (NYSE:EXC)

Stonebridge Capital Advisors LLC bought a new position in shares of Exelon Co. (NYSE:EXC) in the 1st quarter, Holdings Channel reports. The fund bought 13,634 shares of the energy giant’s stock, valued at approximately $683,000.

Several other large investors have also bought and sold shares of the company. First Bank & Trust purchased a new stake in shares of Exelon during the first quarter valued at $25,000. Centersquare Investment Management LLC purchased a new stake in shares of Exelon during the first quarter valued at $26,000. Braun Bostich & Associates Inc. boosted its stake in shares of Exelon by 51.7% during the fourth quarter. Braun Bostich & Associates Inc. now owns 613 shares of the energy giant’s stock valued at $28,000 after purchasing an additional 209 shares during the period. Capital Financial Planning LLC purchased a new stake in shares of Exelon during the fourth quarter valued at $29,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Exelon during the first quarter valued at $29,000. 79.78% of the stock is owned by institutional investors.

EXC has been the subject of a number of recent analyst reports. Mizuho boosted their target price on shares of Exelon from $47.00 to $49.50 and gave the company a “neutral” rating in a research note on Thursday, May 16th. KeyCorp initiated coverage on shares of Exelon in a research note on Tuesday, June 4th. They set a “sector weight” rating for the company. Morgan Stanley boosted their target price on shares of Exelon from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Co raised shares of Exelon from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $50.00 to $57.00 in a research note on Tuesday, April 2nd. Finally, Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $48.00 to $52.00 in a research note on Thursday, June 6th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Exelon currently has an average rating of “Buy” and a consensus price target of $49.41.

NYSE:EXC traded up $0.46 during mid-day trading on Friday, reaching $50.63. The company’s stock had a trading volume of 807,467 shares, compared to its average volume of 4,060,193. Exelon Co. has a 1 year low of $40.40 and a 1 year high of $51.18. The firm has a market cap of $48.98 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 4.23 and a beta of 0.39. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 0.89.

Exelon (NYSE:EXC) last released its quarterly earnings data on Thursday, May 2nd. The energy giant reported $0.87 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.87. Exelon had a net margin of 6.52% and a return on equity of 8.85%. The company had revenue of $9.48 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Exelon Co. will post 3.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Tuesday, May 14th. Exelon’s payout ratio is 46.47%.

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Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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