Cerity Partners LLC Acquires 63,009 Shares of Exelon Corporation (NASDAQ:EXC)

Cerity Partners LLC grew its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 485,968 shares of the company's stock after purchasing an additional 63,009 shares during the period. Cerity Partners LLC's holdings in Exelon were worth $22,393,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EXC. Vision Capital Management Inc. bought a new position in shares of Exelon in the 1st quarter valued at approximately $212,000. Allworth Financial LP raised its stake in shares of Exelon by 1.7% in the 1st quarter. Allworth Financial LP now owns 23,219 shares of the company's stock valued at $1,076,000 after acquiring an additional 385 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Exelon by 91.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 392,302 shares of the company's stock valued at $18,077,000 after acquiring an additional 187,815 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Exelon by 3.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 10,802 shares of the company's stock valued at $498,000 after acquiring an additional 371 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of Exelon by 16.0% in the 1st quarter. Greenleaf Trust now owns 24,125 shares of the company's stock valued at $1,112,000 after acquiring an additional 3,323 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the topic of a number of recent analyst reports. Evercore ISI raised their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Morgan Stanley cut their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Guggenheim raised 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. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective on the stock. in a research note on Wednesday, May 14th. 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 issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $47.40.

Exelon Stock Performance

Shares of EXC traded down $0.12 during trading hours on Friday, reaching $43.51. 5,077,161 shares of the company traded hands, compared to its average volume of 7,093,809. Exelon Corporation has a 1-year low of $34.82 and a 1-year high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The stock has a market cap of $43.92 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.52 and a beta of 0.39. The stock's fifty day moving average is $43.46 and its 200 day moving average is $42.97.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. Equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. 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.