Abundance Wealth Counselors Has $2.47 Million Stock Position in Exelon Corporation (NASDAQ:EXC)

Abundance Wealth Counselors boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,214 shares of the company's stock after purchasing an additional 7,540 shares during the period. Abundance Wealth Counselors' holdings in Exelon were worth $2,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EXC. Norges Bank acquired a new stake in Exelon during the fourth quarter valued at approximately $479,597,000. Price T Rowe Associates Inc. MD lifted its stake in Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares during the last quarter. FMR LLC lifted its stake 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 purchasing an additional 5,524,103 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Exelon by 43.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock valued at $483,525,000 after purchasing an additional 3,878,687 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EXC. Evercore ISI boosted their price target 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 lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a report on Wednesday, May 14th. Barclays boosted their price target on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a report on Tuesday, February 25th. BMO Capital Markets boosted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company boosted their price target 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. One investment 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 MarketBeat, Exelon has an average rating of "Hold" and a consensus price target of $47.40.

Exelon Stock Up 1.4%

Exelon stock traded up $0.60 during trading hours on Monday, hitting $43.20. The company had a trading volume of 5,131,190 shares, compared to its average volume of 7,218,132. The firm has a market capitalization of $43.61 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. The firm's fifty day moving average is $44.47 and its 200-day moving average is $42.42. Exelon Corporation has a fifty-two week low of $34.01 and a fifty-two week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. On average, research analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.70%. Exelon's dividend payout ratio is presently 59.48%.

Exelon 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.