China Universal Asset Management Co. Ltd. Buys 8,475 Shares of Exelon Corporation (NASDAQ:EXC)

China Universal Asset Management Co. Ltd. boosted its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 51.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,828 shares of the company's stock after purchasing an additional 8,475 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Exelon were worth $1,144,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Allianz SE purchased a new position in shares of Exelon during the 4th quarter worth $5,953,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Exelon by 141.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock worth $12,400,000 after acquiring an additional 157,548 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Exelon during the 1st quarter worth $6,795,000. Schroder Investment Management Group boosted its stake in shares of Exelon by 86.7% during the 4th quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company's stock worth $59,329,000 after acquiring an additional 732,355 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Exelon by 11.2% during the 4th quarter. Parallel Advisors LLC now owns 8,356 shares of the company's stock worth $315,000 after acquiring an additional 844 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Shares of EXC traded down $0.12 during trading hours on Friday, reaching $43.51. 5,077,161 shares of the stock traded hands, compared to its average volume of 7,098,605. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The company has a market cap of $43.93 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.52 and a beta of 0.39. The company's 50-day moving average price is $43.46 and its two-hundred day moving average price is $42.94. Exelon Corporation has a 52-week low of $34.82 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 11.44% and a return on equity of 10.29%. Exelon's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. On average, analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were issued a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. Exelon's dividend payout ratio is currently 59.48%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Evercore ISI lifted their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. KeyCorp cut 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 note on Wednesday, May 14th. BMO Capital Markets lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Guggenheim lifted their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. One 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. Based on data from MarketBeat.com, Exelon has an average rating of "Hold" and a consensus target price of $47.40.

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.