Davidson Investment Advisors Buys 13,323 Shares of Exelon Corporation (NASDAQ:EXC)

Davidson Investment Advisors grew its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 391,168 shares of the company's stock after acquiring an additional 13,323 shares during the quarter. Davidson Investment Advisors' holdings in Exelon were worth $18,025,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in Exelon in the fourth quarter valued at about $25,000. Millstone Evans Group LLC acquired a new position in Exelon in the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. acquired a new position in Exelon in the fourth quarter valued at about $36,000. CoreFirst Bank & Trust acquired a new position in Exelon in the fourth quarter valued at about $40,000. Finally, Redwood Park Advisors LLC acquired a new position in Exelon in the fourth quarter valued at about $44,000. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EXC. Morgan Stanley lowered their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a research note on Wednesday, May 14th. Wells Fargo & Company boosted 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. BMO Capital Markets boosted 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. Finally, UBS Group reissued a "neutral" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $47.40.

Exelon Trading Up 0.1%

Shares of Exelon stock 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 stock has a 50 day moving average of $43.80 and a 200 day moving average of $42.80. Exelon Corporation has a twelve month low of $34.01 and a twelve month high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The firm has a market capitalization of $43.58 billion, a P/E ratio of 16.05, a PEG ratio of 2.49 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data 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. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. Sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

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.