AIA Group Ltd Has $1.28 Million Holdings in Exelon Corporation (NASDAQ:EXC)

Key Points

• AIA Group Ltd has significantly reduced its holdings in Exelon Corporation, selling 59.7% of its shares in the first quarter, leaving it with 27,787 shares valued at $1.28 million.
• Analysts have set varied price targets for Exelon, with Morgan Stanley lowering their target from $49 to $48, while Evercore ISI has upgraded it from $48 to $51.
• Exelon announced a quarterly dividend of $0.40, with a dividend yield of 3.6% and a payout ratio of 60.84% as of its latest earnings report.

AIA Group Ltd cut its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 59.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,787 shares of the company's stock after selling 41,196 shares during the period. AIA Group Ltd's holdings in Exelon were worth $1,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Exelon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 127,917,037 shares of the company's stock valued at $5,894,417,000 after purchasing an additional 581,686 shares during the period. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Exelon by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock valued at $928,277,000 after purchasing an additional 653,627 shares during the period. Deutsche Bank AG raised its holdings in shares of Exelon by 11.6% in the 1st quarter. Deutsche Bank AG now owns 19,077,520 shares of the company's stock valued at $879,092,000 after purchasing an additional 1,988,212 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Exelon by 0.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 15,837,173 shares of the company's stock valued at $729,777,000 after purchasing an additional 106,917 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.58 on Thursday, reaching $44.65. 6,822,380 shares of the company's stock were exchanged, compared to its average volume of 7,395,174. The company has a fifty day moving average of $43.53 and a 200-day moving average of $43.88. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a market capitalization of $45.10 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.62 and a beta of 0.38. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. Exelon had a net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business's revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Guggenheim upped their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. KeyCorp decreased their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Wells Fargo & Company upped their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, UBS Group reiterated a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. One 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. Based on data from MarketBeat, the stock currently has an average 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.