Kayne Anderson Capital Advisors LP Boosts Stock Holdings in Exelon Corporation (NASDAQ:EXC)

Kayne Anderson Capital Advisors LP lifted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,882 shares of the company's stock after acquiring an additional 50,338 shares during the period. Exelon accounts for approximately 0.3% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 29th biggest holding. Kayne Anderson Capital Advisors LP's holdings in Exelon were worth $12,206,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EXC. Ameriflex Group Inc. acquired a new stake in shares of Exelon during the 4th quarter valued at about $25,000. Millstone Evans Group LLC acquired a new stake in shares of Exelon during the 4th quarter valued at about $28,000. Hazlett Burt & Watson Inc. grew its position in shares of 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 acquiring an additional 220 shares during the period. CoreFirst Bank & Trust acquired a new stake in shares of Exelon during the 4th quarter valued at about $40,000. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Exelon during the 4th quarter valued at about $44,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.8%

Shares of EXC stock traded up $0.33 on Monday, reaching $43.73. 5,092,951 shares of the stock were exchanged, compared to its average volume of 7,055,063. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The business's 50 day moving average price is $43.19 and its 200 day moving average price is $43.20. The company has a market capitalization of $44.15 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.54 and a beta of 0.39. Exelon Corporation has a twelve month low of $35.84 and a twelve month high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.68 earnings per share. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.66%. Exelon's dividend payout ratio is presently 59.48%.

Analysts Set New Price Targets

EXC has been the topic of several research analyst reports. UBS Group reiterated 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 lifted their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Guggenheim lifted their price objective on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets raised their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company boosted 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. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon 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.