Exelon Co. (NASDAQ:EXC) Stock Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 5,746.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 910,126 shares of the company's stock after purchasing an additional 894,558 shares during the period. GAMMA Investing LLC owned 0.09% of Exelon worth $41,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after acquiring an additional 7,483,873 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Exelon by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after acquiring an additional 368,505 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Exelon by 2.7% in the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after acquiring an additional 653,627 shares in the last quarter. Finally, FMR LLC increased its position in shares of Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after acquiring an additional 5,524,103 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Down 0.6%

EXC traded down $0.24 during trading on Friday, hitting $42.62. The company had a trading volume of 7,264,548 shares, compared to its average volume of 7,393,887. The company has a market cap of $43.03 billion, a PE ratio of 17.40, a P/E/G ratio of 2.86 and a beta of 0.40. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The business has a 50-day moving average of $45.04 and a 200-day moving average of $42.06. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. As a group, analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.75%. Exelon's dividend payout ratio (DPR) is 59.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. BMO Capital Markets upped their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a research note on Wednesday, May 14th. Barclays upped their target price on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Finally, UBS Group restated a "neutral" rating and issued a $48.00 target price (up from $46.00) on shares of Exelon in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.40.

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.