Envestnet Asset Management Inc. Acquires 81,309 Shares of Exelon Corporation (NASDAQ:EXC)

Envestnet Asset Management Inc. increased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 22.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 450,524 shares of the company's stock after acquiring an additional 81,309 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Exelon were worth $20,760,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after buying an additional 3,064,673 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Exelon by 37.2% in 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 buying an additional 7,483,873 shares during the last quarter. Geode Capital Management LLC raised its stake in Exelon by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock valued at $988,080,000 after acquiring an additional 368,505 shares during the period. Lazard Asset Management LLC boosted its holdings in Exelon by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after buying an additional 653,627 shares during the period. Finally, FMR LLC raised its stake in shares of Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after purchasing an additional 5,524,103 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EXC. UBS Group reaffirmed a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Morgan Stanley dropped their price target 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. Wells Fargo & Company increased their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. BMO Capital Markets upped 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, Guggenheim upped their price objective 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Exelon currently has an average rating of "Hold" and a consensus target price of $47.20.

Exelon Trading Up 1.0%

NASDAQ:EXC traded up $0.45 during trading hours on Friday, hitting $43.40. The company had a trading volume of 5,669,383 shares, compared to its average volume of 7,048,342. Exelon Corporation has a 52 week low of $35.84 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. The stock has a 50-day moving average price of $43.23 and a 200 day moving average price of $43.09. The company has a market capitalization of $43.81 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share 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 business had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same period in the previous year, the firm posted $0.68 EPS. The business's revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.69%. Exelon's dividend payout ratio is presently 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.