CX Institutional Buys New Position in Exelon Co. (NASDAQ:EXC)

CX Institutional bought a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,988 shares of the company's stock, valued at approximately $276,000.

A number of other institutional investors have also recently added to or reduced their stakes in EXC. Norges Bank bought a new stake in Exelon during the fourth quarter valued at $479,597,000. Price T Rowe Associates Inc. MD grew its stake in Exelon by 37.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. FMR LLC increased its holdings in Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after purchasing an additional 5,524,103 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Exelon by 43.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock valued at $483,525,000 after buying an additional 3,878,687 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after buying an additional 3,064,673 shares during the period. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the subject of several research reports. Wells Fargo & Company lifted their price target 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. Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a report on Wednesday, May 14th. UBS Group reiterated a "neutral" rating and set a $48.00 price target (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. Finally, Guggenheim raised their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $47.40.

Exelon Stock Performance

Shares of EXC stock traded down $0.10 during trading hours on Monday, hitting $43.15. 881,226 shares of the company were exchanged, compared to its average volume of 7,311,427. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $43.56 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.86 and a beta of 0.39. The firm has a fifty day simple moving average of $44.78 and a 200 day simple moving average of $42.24. Exelon Co. has a 52-week low of $34.01 and a 52-week 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period last year, the business posted $0.68 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Monday, May 12th. Exelon's payout ratio is 59.48%.

Exelon 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.