Abound Wealth Management Has $31,000 Holdings in Exelon Co. (NASDAQ:EXC)

Abound Wealth Management raised its stake in Exelon Co. (NASDAQ:EXC) by 502.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 892 shares of the company’s stock after buying an additional 744 shares during the quarter. Abound Wealth Management’s holdings in Exelon were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EXC. Heritage Wealth Advisors boosted its holdings in shares of Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after buying an additional 495 shares during the period. Register Financial Advisors LLC bought a new position in shares of Exelon during the first quarter worth about $26,000. Crewe Advisors LLC bought a new stake in Exelon in the 1st quarter valued at approximately $26,000. Versant Capital Management Inc boosted its position 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 last quarter. Finally, J.Safra Asset Management Corp bought a new position in shares of Exelon during the 2nd quarter worth approximately $28,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Scotiabank increased their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley lifted their price objective on shares of Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Finally, Barclays raised their target price on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $39.82.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $40.23 on Monday. Exelon Co. has a one year low of $33.35 and a one year high of $42.15. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market cap of $40.23 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.84 and a beta of 0.53. The stock’s fifty day moving average price is $37.31 and its two-hundred day moving average price is $36.92.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

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.