Ensign Peak Advisors Inc reduced its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 62.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,767 shares of the company's stock after selling 432,511 shares during the period. Ensign Peak Advisors Inc's holdings in Exelon were worth $9,589,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its position in Exelon by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after buying an additional 7,483,873 shares during the last quarter. Geode Capital Management LLC raised its position in 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 acquiring an additional 368,505 shares in the last quarter. FMR LLC raised its position in 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 acquiring an additional 5,524,103 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Exelon by 11.1% in the fourth quarter. Deutsche Bank AG now owns 17,089,308 shares of the company's stock valued at $643,242,000 after acquiring an additional 1,706,184 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on EXC. Morgan Stanley raised their price target on shares of Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Guggenheim raised 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. Evercore ISI upped their price target 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 raised their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $48.22.
Check Out Our Latest Analysis on Exelon
Exelon Price Performance
NASDAQ:EXC opened at $43.61 on Tuesday. The company has a fifty day moving average price of $45.24 and a 200 day moving average price of $41.48. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market cap of $44.03 billion, a P/E ratio of 17.80, a PEG ratio of 2.86 and a beta of 0.43.
Exelon (NASDAQ:EXC - Get Free Report) last released its 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. 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 period last year, the business earned $0.68 earnings per share. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.
Exelon Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio is presently 59.48%.
Exelon Profile
(
Free Report)
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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