M. Kulyk & Associates LLC Has $2.90 Million Position in Exelon Corporation (NASDAQ:EXC)

M. Kulyk & Associates LLC lowered its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 9.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 62,997 shares of the company's stock after selling 6,589 shares during the quarter. M. Kulyk & Associates LLC's holdings in Exelon were worth $2,903,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EXC. Ameriflex Group Inc. acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. lifted its holdings 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 during the period. Millstone Evans Group LLC acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $28,000. CoreFirst Bank & Trust acquired a new stake in shares of Exelon in the 4th quarter valued at approximately $40,000. Finally, Opal Wealth Advisors LLC acquired a new position in Exelon during the first quarter worth $50,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Shares of NASDAQ:EXC traded up $0.25 on Thursday, reaching $43.74. 4,661,503 shares of the company traded hands, compared to its average volume of 7,498,489. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.11. The company's 50 day moving average is $43.25 and its 200-day moving average is $43.25. The stock has a market capitalization of $44.16 billion, a PE ratio of 16.26, a P/E/G ratio of 2.61 and a beta of 0.39. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The company's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

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

Analysts Set New Price Targets

EXC has been the subject of several research reports. UBS Group reaffirmed a "neutral" rating and set a $48.00 price objective (up from $47.00) on shares of Exelon in a report on Friday, July 11th. BMO Capital Markets boosted their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Evercore ISI boosted their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Guggenheim boosted their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company upped their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. One 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, Exelon presently has an average rating of "Hold" and an average target price of $47.20.

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.