E Fund Management Co. Ltd. Buys 13,891 Shares of Exelon Corporation $EXC

Key Points

• E Fund Management Co. Ltd. increased its holdings in Exelon Corporation by 97.2% in Q1, owning a total of 28,180 shares now worth approximately $1,299,000.
• Exelon's stock price is currently $45.23 with a market capitalization of $45.68 billion and a PE ratio of 17.20.
• The company recently announced a quarterly dividend of $0.40 per share, equating to an annual yield of 3.5%, with a payout ratio of 60.84%.

E Fund Management Co. Ltd. raised its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 97.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,180 shares of the company's stock after acquiring an additional 13,891 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Exelon were worth $1,299,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new stake in Exelon during the fourth quarter valued at about $25,000. Hazlett Burt & Watson Inc. boosted its position in shares of Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after buying an additional 220 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Exelon in the first quarter worth about $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Exelon in the first quarter worth about $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Exelon in the first quarter worth about $50,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Down 1.3%

Shares of Exelon stock traded down $0.58 on Monday, hitting $44.00. 6,591,449 shares of the company's stock traded hands, compared to its average volume of 7,379,348. The firm's 50-day moving average price is $43.60 and its two-hundred day moving average price is $44.00. The stock has a market capitalization of $44.44 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.61 and a beta of 0.38. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The firm's revenue was up 1.2% on a year-over-year basis. 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon's dividend payout ratio is currently 60.84%.

Analysts Set New Price Targets

Several analysts have issued reports on EXC shares. KeyCorp cut their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Morgan Stanley reduced their price objective 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. Evercore ISI increased their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company boosted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. One equities 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $47.20.

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.