Harvest Fund Management Co. Ltd Has $3.08 Million Position in Exelon Corporation (NASDAQ:EXC)

Key Points

• Harvest Fund Management Co. Ltd increased its holdings in Exelon Corporation by 13.0% in Q1, now owning 66,830 shares worth approximately $3.07 million.
• Exelon Corporation received mixed analyst ratings, with a consensus rating of "Hold" and a consensus price target of $47.20.
• In its latest earnings report, Exelon reported an EPS of $0.92, exceeding analysts' expectations and showing an 11.1% revenue increase year-over-year.

Harvest Fund Management Co. Ltd increased its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 13.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,830 shares of the company's stock after acquiring an additional 7,693 shares during the period. Harvest Fund Management Co. Ltd's holdings in Exelon were worth $3,079,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake 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 buying an additional 7,483,873 shares during the last quarter. Geode Capital Management LLC grew its stake in Exelon by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after buying an additional 368,505 shares during the last quarter. Lazard Asset Management LLC grew its stake in Exelon by 2.7% during the fourth 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 last quarter. FMR LLC grew its stake in Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after buying an additional 5,524,103 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Exelon by 11.1% during the fourth quarter. Deutsche Bank AG now owns 17,089,308 shares of the company's stock worth $643,242,000 after buying an additional 1,706,184 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EXC. KeyCorp decreased their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Evercore ISI upped their price objective 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. BMO Capital Markets upped their price objective 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. Morgan Stanley decreased their price objective 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. Finally, Guggenheim upped their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $47.20.

Exelon Price Performance

Shares of EXC stock traded down $0.04 during trading hours on Wednesday, reaching $44.26. 6,644,494 shares of the company were exchanged, compared to its average volume of 4,728,749. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The stock's fifty day moving average is $43.24 and its two-hundred day moving average is $43.47. The company has a market cap of $44.68 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 2.60 and a beta of 0.39. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98.

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

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.62%. Exelon's dividend payout ratio is currently 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.