Bank of New York Mellon Corp lessened its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,853,411 shares of the company's stock after selling 616,319 shares during the period. Bank of New York Mellon Corp owned about 1.27% of Exelon worth $592,285,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new stake in shares of Exelon during the 4th quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new position in Exelon during the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. acquired a new stake in Exelon in the fourth quarter valued at approximately $36,000. CoreFirst Bank & Trust bought a new stake in shares of Exelon during the fourth quarter worth about $40,000. Finally, Redwood Park Advisors LLC bought a new position in Exelon in the 4th quarter valued at about $44,000. 80.92% of the stock is owned by institutional investors and hedge funds.
Exelon Price Performance
NASDAQ EXC traded up $0.04 on Monday, hitting $43.17. The stock had a trading volume of 4,155,219 shares, compared to its average volume of 7,112,306. The firm has a 50-day moving average of $43.80 and a 200-day moving average of $42.80. The company has a market capitalization of $43.58 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.39. 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 $34.01 and a 52-week high of $48.11.
Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The business had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm's revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. Equities analysts expect that Exelon Corporation will post 2.64 EPS for the current year.
Exelon Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.71%. Exelon's payout ratio is 59.48%.
Analysts Set New Price Targets
EXC has been the topic of a number of recent research reports. UBS Group restated a "neutral" rating and issued a $48.00 target price (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. 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. KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a research report on Wednesday, May 14th. BMO Capital Markets lifted their target price 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. Finally, Wells Fargo & Company upped their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $47.40.
Read Our Latest Report on Exelon
Exelon Profile
(
Free Report)
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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