89,395 Shares in Exelon Corporation (NASDAQ:EXC) Bought by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 89,395 shares of Exelon Corporation (NASDAQ:EXC), valued at approximately $4.12 million, during the first quarter of the year.
• Exelon reported a quarterly EPS of $0.92, exceeding the expected $0.86, along with revenue of $6.71 billion for the quarter, which was higher than the consensus estimate.
• The stock has experienced significant interest from institutional investors, with 80.92% of Exelon’s stock held by hedge funds and other institutional investors.

Banque Cantonale Vaudoise acquired a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 89,395 shares of the company's stock, valued at approximately $4,119,000.

Several other hedge funds also recently bought and sold shares of EXC. Ameriflex Group Inc. acquired a new stake in Exelon in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. raised its stake in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after acquiring an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of Exelon during the 1st quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon during the 1st quarter valued at $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Exelon in the 1st quarter worth $50,000. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on EXC shares. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. BMO Capital Markets increased their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Guggenheim lifted their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. KeyCorp cut their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Stock Performance

Shares of NASDAQ EXC traded down $0.30 during mid-day trading on Friday, hitting $44.64. 6,042,708 shares of the company were exchanged, compared to its average volume of 7,456,911. The firm has a market cap of $45.06 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.59 and a beta of 0.39. The stock has a 50 day simple moving average of $43.27 and a 200-day simple moving average of $43.52. 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 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. Exelon's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon's dividend payout ratio (DPR) is presently 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.