Vanguard Group Inc. Has $5.89 Billion Stock Holdings in Exelon Corporation (NASDAQ:EXC)

Key Points

• Vanguard Group Inc. increased its holdings in Exelon Corporation by 0.5%, now owning 127.9 million shares valued at roughly $5.89 billion, representing 12.67% of the company's shares.
• Exelon Corporation announced a quarterly dividend of $0.40, yielding 3.6%, set to be paid on September 15th, with a payout ratio of 60.84%.
• The company's most recent earnings report showed an EPS of $0.39, slightly beating analyst expectations, while revenue was noted at $5.43 billion for the quarter.

Vanguard Group Inc. lifted its stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,917,037 shares of the company's stock after purchasing an additional 581,686 shares during the quarter. Vanguard Group Inc. owned about 12.67% of Exelon worth $5,894,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ameriflex Group Inc. purchased a new position in Exelon in the 4th quarter worth about $25,000. Hazlett Burt & Watson Inc. grew its stake in shares of Exelon by 46.4% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of Exelon in the 1st quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Exelon in the 1st quarter valued at approximately $42,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of Exelon in the 4th quarter valued at approximately $44,000. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXC has been the subject of several recent research reports. Guggenheim boosted their price target on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. KeyCorp lowered their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. UBS Group reiterated a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Evercore ISI raised their price target on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, Morgan Stanley decreased 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $47.20.

Exelon Trading Down 0.5%

NASDAQ:EXC traded down $0.22 during mid-day trading on Friday, hitting $45.32. The company had a trading volume of 3,803,099 shares, compared to its average volume of 6,082,460. The firm has a market cap of $45.77 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.66 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The business's fifty day moving average is $43.44 and its two-hundred day moving average is $43.80. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11.

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

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. 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.