Algert Global LLC Invests $489,000 in Exelon Co. (NASDAQ:EXC)

Algert Global LLC purchased a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,003 shares of the company's stock, valued at approximately $489,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after buying an additional 3,064,673 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exelon by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock valued at $988,080,000 after purchasing an additional 368,505 shares during the last quarter. FMR LLC lifted its holdings in shares of Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after purchasing an additional 5,524,103 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Exelon by 25.8% during the fourth quarter. Invesco Ltd. now owns 13,718,745 shares of the company's stock valued at $516,374,000 after purchasing an additional 2,817,174 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Stock Performance

Shares of EXC stock opened at $45.21 on Monday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The stock's 50-day moving average is $45.23 and its two-hundred day moving average is $41.45. The firm has a market cap of $45.64 billion, a P/E ratio of 18.45, a PEG ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the prior year, the firm posted $0.68 EPS. The business's revenue was up 11.1% compared to the same quarter last year. Analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's payout ratio is 59.48%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EXC. Guggenheim upped their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Morgan Stanley increased their price objective on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Barclays increased their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Exelon currently has a consensus rating of "Hold" and a consensus target price of $48.22.

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.

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