Exelon Corporation (NASDAQ:EXC) Shares Bought by AGF Management Ltd.

Key Points

• AGF Management Ltd. raised its position in Exelon Corporation shares by 35.9%, owning 138,813 shares valued at approximately $6.4 million after acquiring an additional 36,657 shares during the first quarter.
• Exelon recently announced a quarterly dividend of $0.40 per share, which equates to an annualized dividend of $1.60 and a dividend yield of 3.6%.
• Analysts have mixed views on Exelon, with price targets ranging from $37 to $51, while the stock receives an average consensus rating of "Hold."

AGF Management Ltd. increased its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 35.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,813 shares of the company's stock after buying an additional 36,657 shares during the period. AGF Management Ltd.'s holdings in Exelon were worth $6,397,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in Exelon in the fourth quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. increased its stake in Exelon by 46.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after purchasing an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Exelon in the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Exelon in the first quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new position in Exelon in the first quarter valued at approximately $50,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of NASDAQ EXC traded down $0.58 during midday trading on Thursday, hitting $44.65. The company had a trading volume of 6,822,380 shares, compared to its average volume of 6,099,713. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The business has a 50-day simple moving average of $43.56 and a two-hundred day simple moving average of $43.91. The firm has a market capitalization of $45.10 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 2.65 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Exelon's dividend payout ratio is currently 60.84%.

Analyst Upgrades and Downgrades

EXC has been the topic of several recent analyst reports. KeyCorp dropped their price target 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. Morgan Stanley decreased their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. UBS Group reissued a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Finally, Guggenheim boosted 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 equities 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 has an average rating of "Hold" and an average price target of $47.20.

Exelon Company 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.