Victory Capital Management Inc. Grows Stake in Exelon Corporation (NASDAQ:EXC)

Victory Capital Management Inc. lifted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,402,823 shares of the company's stock after buying an additional 47,010 shares during the period. Victory Capital Management Inc. owned approximately 0.24% of Exelon worth $110,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of research firms have recently issued reports on EXC. BMO Capital Markets raised their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Morgan Stanley decreased their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. KeyCorp decreased their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday. Wells Fargo & Company raised 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, UBS Group reaffirmed a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $47.20.

Exelon Price Performance

NASDAQ:EXC traded up $0.45 on Friday, reaching $43.40. 5,669,651 shares of the company's stock traded hands, compared to its average volume of 7,048,342. 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 has a 50-day simple moving average of $43.23 and a 200-day simple moving average of $43.09. The firm has a market cap of $43.81 billion, a PE ratio of 16.13, a P/E/G ratio of 2.51 and a beta of 0.39. Exelon Corporation has a 12 month low of $35.84 and a 12 month high of $48.11.

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

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were given 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 dividend yield of 3.69%. Exelon's 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.