Exelon Corporation (NASDAQ:EXC) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC grew its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 182.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,174 shares of the company's stock after purchasing an additional 18,201 shares during the period. Exchange Traded Concepts LLC's holdings in Exelon were worth $1,298,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Exelon in the fourth quarter valued at approximately $479,597,000. Price T Rowe Associates Inc. MD lifted its position in shares of Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after acquiring an additional 7,483,873 shares in the last quarter. FMR LLC increased its stake in Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after purchasing an additional 5,524,103 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Exelon by 43.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock valued at $483,525,000 after purchasing an additional 3,878,687 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on EXC shares. Guggenheim upped their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Evercore ISI increased their target price on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. UBS Group reaffirmed a "neutral" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. Wells Fargo & Company raised their price target on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Exelon presently has a consensus rating of "Hold" and an average target price of $47.40.

Exelon Stock Down 0.0%

Shares of EXC stock opened at $42.37 on Thursday. Exelon Corporation has a 1 year low of $34.01 and a 1 year high of $48.11. The stock has a market cap of $42.77 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.39. The business's fifty day moving average is $44.67 and its 200-day moving average is $42.26. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09.

Exelon (NASDAQ:EXC - Get Free Report) last issued its 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. The business had revenue of $6.71 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $0.68 EPS. Equities analysts expect 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. Stockholders of record on Monday, May 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.78%. 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.

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