Deutsche Bank AG Buys 1,706,184 Shares of Exelon Co. (NASDAQ:EXC)

Deutsche Bank AG raised its position in Exelon Co. (NASDAQ:EXC - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,089,308 shares of the company's stock after buying an additional 1,706,184 shares during the quarter. Deutsche Bank AG owned about 1.70% of Exelon worth $643,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank increased its stake in shares of Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company's stock valued at $8,201,000 after buying an additional 14,158 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Exelon by 20.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock worth $61,158,000 after purchasing an additional 279,827 shares during the period. Greenup Street Wealth Management LLC bought a new stake in shares of Exelon in the fourth quarter worth $2,274,000. Principal Financial Group Inc. increased its holdings in Exelon by 3.3% in the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company's stock valued at $47,029,000 after purchasing an additional 36,734 shares during the period. Finally, Principal Securities Inc. raised its position in Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock worth $851,000 after purchasing an additional 2,160 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley upped their target price on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $48.22.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.32 during midday trading on Tuesday, reaching $43.29. The company had a trading volume of 3,764,853 shares, compared to its average volume of 7,237,468. The stock has a market cap of $43.70 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.86 and a beta of 0.43. The company's 50 day moving average price is $45.24 and its 200 day moving average price is $41.48. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating 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 business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 annualized dividend and a dividend yield of 3.70%. 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.