Radnor Capital Management LLC lessened its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 34.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,707 shares of the company's stock after selling 12,500 shares during the quarter. Radnor Capital Management LLC's holdings in Exelon were worth $1,092,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in EXC. Vanguard Group Inc. increased its holdings in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the period. Price T Rowe Associates Inc. MD raised its position in Exelon by 37.2% during 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 acquiring an additional 7,483,873 shares during the period. Geode Capital Management LLC raised its position in shares of Exelon by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after purchasing an additional 368,505 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Exelon by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock valued at $928,277,000 after buying an additional 653,627 shares in the last quarter. Finally, FMR LLC lifted its stake in Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after buying an additional 5,524,103 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Trading Down 0.4%
Shares of NASDAQ EXC traded down $0.19 during trading on Monday, hitting $42.44. 3,940,065 shares of the company were exchanged, compared to its average volume of 7,380,658. The company has a fifty day moving average price of $45.04 and a 200-day moving average price of $42.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a market capitalization of $42.84 billion, a PE ratio of 17.34, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11.
Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Exelon's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts expect that Exelon Co. will post 2.64 EPS for the current year.
Exelon Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.77%. Exelon's dividend payout ratio is presently 59.48%.
Wall Street Analyst Weigh In
A number of brokerages have commented on EXC. UBS Group reissued a "neutral" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. Guggenheim increased their price objective on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.40.
Get Our Latest Stock Report on EXC
About Exelon
(
Free Report)
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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