Exelon Co. (NASDAQ:EXC) Shares Bought by Axa S.A.

AXA S.A. grew its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,245,160 shares of the company's stock after purchasing an additional 70,433 shares during the quarter. AXA S.A. owned approximately 0.12% of Exelon worth $46,868,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Exelon during the 3rd quarter worth $376,000. Tidal Investments LLC grew its holdings in shares of Exelon by 6.5% during the third quarter. Tidal Investments LLC now owns 44,458 shares of the company's stock worth $1,803,000 after buying an additional 2,718 shares during the last quarter. Synovus Financial Corp increased its position in Exelon by 70.5% in the 3rd quarter. Synovus Financial Corp now owns 18,649 shares of the company's stock valued at $756,000 after acquiring an additional 7,713 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Exelon by 17.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 21,318 shares of the company's stock valued at $865,000 after acquiring an additional 3,244 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Exelon by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock worth $47,029,000 after acquiring an additional 36,734 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analyst Weigh In

EXC has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Evercore ISI upped their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Morgan Stanley boosted their price target on shares of Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, Guggenheim raised their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Exelon currently has a consensus rating of "Hold" and a consensus price target of $48.22.

Exelon Price Performance

EXC stock traded up $0.05 during trading on Wednesday, reaching $46.34. 6,131,332 shares of the company were exchanged, compared to its average volume of 7,261,449. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of $46.78 billion, a P/E ratio of 18.91, a PEG ratio of 2.86 and a beta of 0.43. The stock's 50 day moving average price is $45.15 and its 200 day moving average price is $41.34.

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

Exelon Dividend Announcement

The firm 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. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.45%. Exelon's payout ratio is 59.48%.

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.