Exelon Corporation (NASDAQ:EXC) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Exelon Corporation by 11.6%, holding approximately 1.89% of the company, valued at about $879 million after acquiring nearly 2 million additional shares in the first quarter.
• Exelon recently reported earnings of $0.39 per share for the last quarter, surpassing analysts' expectations of $0.37, while also announcing a quarterly dividend of $0.40 per share.
• Analysts have mixed ratings on Exelon, with a consensus rating of "Hold" and a price target averaging $47.20, with several firms adjusting their target prices and ratings recently.

Deutsche Bank AG grew its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 11.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,077,520 shares of the company's stock after acquiring an additional 1,988,212 shares during the quarter. Deutsche Bank AG owned about 1.89% of Exelon worth $879,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Ameriflex Group Inc. acquired a new stake in shares of Exelon in the fourth quarter valued at about $25,000. Hazlett Burt & Watson Inc. grew its stake in Exelon by 46.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after purchasing an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Exelon during the 1st quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Exelon during the 1st quarter valued at approximately $42,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Exelon during the 1st quarter valued at approximately $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. 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. KeyCorp reduced their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. Guggenheim increased their target price on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their target price on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets increased their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $47.20.

Exelon Stock Performance

EXC traded down $0.22 during trading hours on Friday, hitting $45.32. The company's stock had a trading volume of 3,803,099 shares, compared to its average volume of 6,082,460. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $45.77 billion, a PE ratio of 17.23, a PEG ratio of 2.66 and a beta of 0.38. The company has a 50-day simple moving average of $43.44 and a 200 day simple moving average of $43.80.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The firm had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same period last year, the firm earned $0.47 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, August 11th. Exelon's dividend payout ratio (DPR) is currently 60.84%.

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.