China Universal Asset Management Co. Ltd. Has $1.14 Million Position in Exelon Corporation (NASDAQ:EXC)

China Universal Asset Management Co. Ltd. grew its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 51.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,828 shares of the company's stock after acquiring an additional 8,475 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Exelon were worth $1,144,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXC. Centre Asset Management LLC grew its holdings in Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after purchasing an additional 233 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in Exelon by 3.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 7,220 shares of the company's stock worth $333,000 after acquiring an additional 267 shares in the last quarter. Confluence Wealth Services Inc. lifted its position in shares of Exelon by 3.3% in the 1st quarter. Confluence Wealth Services Inc. now owns 8,670 shares of the company's stock worth $406,000 after buying an additional 275 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Exelon by 6.2% in the 1st quarter. First Horizon Advisors Inc. now owns 5,106 shares of the company's stock worth $235,000 after buying an additional 296 shares during the last quarter. Finally, Stanley Laman Group Ltd. lifted its position in shares of Exelon by 3.8% in the 1st quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock worth $409,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Trading Up 1.1%

Shares of Exelon stock traded up $0.50 during trading on Thursday, hitting $43.64. The stock had a trading volume of 2,579,838 shares, compared to its average volume of 7,088,749. The stock has a 50 day simple moving average of $43.58 and a 200 day simple moving average of $42.85. The company has a market capitalization of $44.05 billion, a PE ratio of 16.21, a P/E/G ratio of 2.48 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 Corporation has a 1 year low of $34.34 and a 1 year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping 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 the consensus estimate of $6.30 billion. During the same period last year, the firm posted $0.68 earnings per share. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were issued 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 dividend yield of 3.67%. Exelon's dividend payout ratio is currently 59.48%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective 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. BMO Capital Markets lifted their price objective 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. UBS Group restated a "neutral" rating and set a $48.00 price target (up from $46.00) on shares of Exelon in a research 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. Finally, KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus 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.