Abundance Wealth Counselors Raises Stock Position in Exelon Corporation (NASDAQ:EXC)

Abundance Wealth Counselors increased 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 Form 13F filing 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Exelon during the fourth quarter valued at $479,597,000. Price T Rowe Associates Inc. MD grew its position 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 buying an additional 7,483,873 shares during the period. FMR LLC grew 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 buying an additional 5,524,103 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 buying an additional 3,878,687 shares during the period. Finally, Vanguard Group Inc. grew its position 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 buying an additional 3,064,673 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley dropped 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 report on Thursday, May 22nd. Wells Fargo & Company raised their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Barclays raised their price target on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $47.40.

Exelon Stock Down 0.0%

Shares of NASDAQ EXC opened at $42.37 on Friday. The company's 50-day simple moving average is $44.61 and its 200-day simple moving average is $42.29. Exelon Corporation has a 52-week low of $34.01 and a 52-week high of $48.11. The firm has a market cap of $42.77 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.39. 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, 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 11.44% and a return on equity of 10.29%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter last year, the business earned $0.68 earnings per share. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.78%. Exelon's payout ratio is presently 59.48%.

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.

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