Allspring Global Investments Holdings LLC Purchases 28,351 Shares of Exelon Corporation (NASDAQ:EXC)

Allspring Global Investments Holdings LLC boosted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 605,628 shares of the company's stock after purchasing an additional 28,351 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of Exelon worth $27,810,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of Exelon in the fourth quarter worth $25,000. Millstone Evans Group LLC purchased a new stake in shares of Exelon in the fourth quarter worth $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Exelon in the fourth quarter worth $36,000. CoreFirst Bank & Trust purchased a new stake in shares of Exelon in the fourth quarter worth $40,000. Finally, Redwood Park Advisors LLC purchased a new stake in shares of Exelon in the fourth quarter worth $44,000. Institutional investors own 80.92% of the company's stock.

Exelon Price Performance

EXC traded up $0.33 on Friday, hitting $43.25. 3,602,321 shares of the company's stock traded hands, compared to its average volume of 7,118,265. The company's 50 day simple moving average is $43.80 and its 200-day simple moving average is $42.72. The firm has a market cap of $43.66 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 2.49 and a beta of 0.39. Exelon Corporation has a one year low of $34.01 and a one year high of $48.11. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. As a group, research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company 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. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Monday, May 12th. Exelon's payout ratio is 59.48%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent research reports. BMO Capital Markets increased their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wells Fargo & Company increased their target price on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. KeyCorp cut Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a research note on Wednesday, May 14th. Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley dropped their price objective 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $47.40.

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.