Diversified Trust Co Raises Stake in Exelon Corporation (NASDAQ:EXC)

Diversified Trust Co grew its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 89.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,011 shares of the company's stock after purchasing an additional 19,848 shares during the quarter. Diversified Trust Co's holdings in Exelon were worth $1,936,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EXC. Centre Asset Management LLC lifted its stake in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after acquiring an additional 233 shares during the period. Stanley Laman Group Ltd. lifted its stake in Exelon by 3.8% in the first quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock worth $409,000 after acquiring an additional 323 shares during the period. Ausdal Financial Partners Inc. lifted its stake in Exelon by 2.8% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock worth $444,000 after acquiring an additional 324 shares during the period. Horizon Investments LLC lifted its stake in Exelon by 1.8% in the fourth quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock worth $708,000 after acquiring an additional 335 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in Exelon by 1.8% in the fourth quarter. Wedbush Securities Inc. now owns 19,399 shares of the company's stock worth $730,000 after acquiring an additional 342 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Performance

EXC opened at $42.91 on Friday. Exelon Corporation has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market cap of $43.32 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 2.45 and a beta of 0.39. The firm's 50-day moving average price is $44.13 and its 200-day moving average price is $42.49.

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

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors 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 annualized dividend and a yield of 3.73%. Exelon's dividend payout ratio (DPR) is presently 59.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EXC shares. Wells Fargo & Company boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Guggenheim boosted their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a report on Wednesday, May 14th. 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 report on Friday, May 2nd. Finally, BMO Capital Markets boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.40.

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.

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