GF Fund Management CO. LTD. acquired a new stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 190,438 shares of the company's stock, valued at approximately $7,168,000.
Other hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after purchasing an additional 279,827 shares during the period. Greenup Street Wealth Management LLC purchased a new position in Exelon during the 4th quarter valued at $2,274,000. Principal Securities Inc. boosted its holdings in shares of Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock valued at $851,000 after buying an additional 2,160 shares in the last quarter. Busey Bank boosted its holdings in shares of Exelon by 4.0% during the 4th quarter. Busey Bank now owns 326,105 shares of the company's stock valued at $12,275,000 after buying an additional 12,530 shares in the last quarter. Finally, Custom Index Systems LLC bought a new stake in shares of Exelon during the 4th quarter valued at $237,000. 80.92% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
EXC has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. UBS Group boosted their target price on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Morgan Stanley dropped their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $47.30.
Check Out Our Latest Research Report on Exelon
Exelon Stock Performance
EXC traded up $0.42 during midday trading on Thursday, hitting $43.70. 5,264,135 shares of the company traded hands, compared to its average volume of 7,306,262. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $44.12 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company's 50-day moving average is $45.21 and its 200 day moving average is $41.84. 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 earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter in the prior year, the business earned $0.68 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts expect that Exelon Co. will post 2.64 EPS for the current year.
Exelon Dividend Announcement
The firm also recently declared 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 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Monday, May 12th. Exelon's payout ratio is currently 59.48%.
Exelon Company 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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