243,000 Shares in Exelon Corporation (NASDAQ:EXC) Purchased by MUFG Securities EMEA plc

Key Points

• MUFG Securities EMEA plc has acquired 243,000 shares of Exelon Corporation for approximately $11.2 million, marking it as the firm's 24th largest investment position.
• Exelon reported a 0.39 EPS for its most recent quarter, surpassing analysts' expectations of $0.37, with revenue of $5.43 billion.
• The company will pay a quarterly dividend of $0.40 per share on September 15th, representing an annualized yield of 3.5%.

MUFG Securities EMEA plc bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 243,000 shares of the company's stock, valued at approximately $11,197,000. Exelon comprises 0.3% of MUFG Securities EMEA plc's holdings, making the stock its 24th largest holding.

A number of other hedge funds have also modified their holdings of EXC. Townsquare Capital LLC raised its holdings in Exelon by 25.1% during the first quarter. Townsquare Capital LLC now owns 23,644 shares of the company's stock worth $1,090,000 after purchasing an additional 4,748 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Exelon during the first quarter worth approximately $55,000. Forsta AP Fonden grew its position in shares of Exelon by 7.3% during the first quarter. Forsta AP Fonden now owns 252,300 shares of the company's stock worth $11,626,000 after acquiring an additional 17,200 shares during the last quarter. Savvy Advisors Inc. grew its position in shares of Exelon by 5.7% during the first quarter. Savvy Advisors Inc. now owns 16,556 shares of the company's stock worth $763,000 after acquiring an additional 891 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of Exelon by 72.2% in the 1st quarter. National Bank of Canada FI now owns 1,274,574 shares of the company's stock valued at $58,730,000 after purchasing an additional 534,404 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Down 1.3%

Shares of EXC stock traded down $0.61 during trading hours on Monday, hitting $44.71. 4,396,355 shares of the company were exchanged, compared to its average volume of 6,018,795. The firm has a market cap of $45.16 billion, a PE ratio of 17.00, a PEG ratio of 2.66 and a beta of 0.38. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The firm has a fifty day moving average of $43.46 and a 200 day moving average of $43.87.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company earned $0.47 earnings per share. Exelon's revenue for the quarter was up 1.2% on a year-over-year basis. Analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be given a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's payout ratio is 60.84%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EXC. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. UBS Group reissued a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. KeyCorp dropped their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Finally, Morgan Stanley lowered their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $47.20.

About Exelon

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.