Rhumbline Advisers Has $94.52 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Rhumbline Advisers grew its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,051,186 shares of the company's stock after acquiring an additional 89,045 shares during the period. Rhumbline Advisers owned about 0.20% of Exelon worth $94,519,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Principal Securities Inc. grew its position in shares of Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock valued at $851,000 after purchasing an additional 2,160 shares in the last quarter. Custom Index Systems LLC purchased a new stake in Exelon in the fourth quarter worth about $237,000. Allianz SE purchased a new stake in shares of Exelon during the fourth quarter valued at approximately $5,953,000. JPMorgan Chase & Co. boosted its holdings in Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock worth $238,608,000 after purchasing an additional 3,068,309 shares during the last quarter. Finally, Caprock Group LLC raised its position in shares of Exelon by 20.0% during the 4th quarter. Caprock Group LLC now owns 47,333 shares of the company's stock valued at $1,782,000 after purchasing an additional 7,874 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXC. Evercore ISI upped their target price 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. Wells Fargo & Company lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. BMO Capital Markets upped their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, KeyCorp cut 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $47.40.

Exelon Stock Up 0.3%

Shares of NASDAQ EXC traded up $0.11 during trading hours on Thursday, hitting $42.86. The stock had a trading volume of 5,801,780 shares, compared to its average volume of 7,367,083. The company has a market capitalization of $43.27 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.86 and a beta of 0.40. The firm's 50-day moving average price is $45.10 and its two-hundred day moving average price is $42.04. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

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. The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. Exelon's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. Analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio is 59.48%.

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.