Allianz Asset Management GmbH Boosts Stake in Exelon Corporation (NASDAQ:EXC)

Allianz Asset Management GmbH increased its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 43.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,404,318 shares of the company's stock after buying an additional 723,168 shares during the quarter. Allianz Asset Management GmbH owned 0.24% of Exelon worth $110,791,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EXC. Ameriflex Group Inc. bought a new position in Exelon in the 4th quarter valued at $25,000. Millstone Evans Group LLC bought a new position in Exelon in the 4th quarter valued at $28,000. CoreFirst Bank & Trust bought a new position in Exelon in the 4th quarter valued at $40,000. Redwood Park Advisors LLC bought a new position in shares of Exelon during the 4th quarter worth $44,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Exelon during the 1st quarter worth $50,000. Institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.6%

Shares of NASDAQ EXC traded up $0.27 during mid-day trading on Thursday, hitting $43.76. 2,806,805 shares of the stock traded hands, compared to its average volume of 7,484,054. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a market cap of $44.17 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.61 and a beta of 0.39. The stock has a fifty day moving average price of $43.25 and a 200-day moving average price of $43.25.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results 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. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the company posted $0.68 earnings per share. The firm's revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, May 12th. Exelon's dividend payout ratio (DPR) is 59.48%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets increased their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. KeyCorp decreased their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Wells Fargo & Company raised their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Evercore ISI raised their price target on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley reduced their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $47.20.

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.