Exelon Corporation (NASDAQ:EXC) Stock Holdings Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,421 shares of the company's stock after selling 9,942 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Exelon were worth $1,494,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EXC. Ameriflex Group Inc. acquired a new position in Exelon during the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC purchased a new stake in Exelon during the 4th quarter worth $28,000. Capital Advisors Ltd. LLC increased its holdings in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after purchasing an additional 513 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Exelon in the fourth quarter valued at about $36,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of Exelon during the fourth quarter worth about $40,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.9%

NASDAQ EXC traded up $0.40 on Friday, hitting $42.91. 7,320,736 shares of the stock traded hands, compared to its average volume of 7,168,522. The company has a market capitalization of $43.32 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. The stock has a 50-day moving average of $44.22 and a 200 day moving average of $42.46. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. Exelon Corporation has a twelve month low of $34.01 and a twelve month high of $48.11.

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

Exelon Announces Dividend

The business 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. This represents a $1.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio (DPR) is 59.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently 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 research report on Friday, May 2nd. Morgan Stanley cut their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report 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. Evercore ISI boosted their price target on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets raised their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. One 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, Exelon has an average rating of "Hold" and a consensus price target of $47.40.

About Exelon

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.