Edgestream Partners L.P. Boosts Stock Holdings in Exelon Corporation (NASDAQ:EXC)

Edgestream Partners L.P. grew its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 354.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,388 shares of the company's stock after buying an additional 150,876 shares during the quarter. Edgestream Partners L.P.'s holdings in Exelon were worth $8,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EXC. Arizona State Retirement System raised its holdings in shares of Exelon by 3.6% in the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock worth $13,587,000 after purchasing an additional 10,176 shares during the period. Cerity Partners LLC grew its stake in Exelon by 14.9% in the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after buying an additional 63,009 shares in the last quarter. Allianz SE purchased a new position in Exelon in the 4th quarter valued at approximately $5,953,000. Wealth Enhancement Advisory Services LLC grew its stake in Exelon by 141.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after buying an additional 157,548 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Exelon in the 1st quarter valued at approximately $6,795,000. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EXC shares. Guggenheim lifted their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Morgan Stanley reduced their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. BMO Capital Markets boosted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. UBS Group restated a "neutral" rating and set a $48.00 price target (up from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday. One equities 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. Based on data from MarketBeat.com, Exelon currently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Trading Down 0.2%

Shares of Exelon stock traded down $0.10 during trading on Wednesday, reaching $42.85. 4,448,709 shares of the stock were exchanged, compared to its average volume of 7,057,800. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock's fifty day moving average is $43.34 and its 200 day moving average is $43.05. The firm has a market cap of $43.26 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.51 and a beta of 0.39. Exelon Corporation has a 1 year low of $35.34 and a 1 year high of $48.11.

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

Exelon Announces Dividend

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio is 59.48%.

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.