Harbor Capital Advisors Inc. reduced its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 19.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,510 shares of the company's stock after selling 5,852 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Exelon were worth $1,083,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings 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 valued at $4,792,903,000 after buying an additional 3,064,673 shares during the period. Price T Rowe Associates Inc. MD lifted 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 buying an additional 7,483,873 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Exelon by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock valued at $988,080,000 after buying an additional 368,505 shares during the period. Lazard Asset Management LLC lifted 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 buying an additional 653,627 shares during the period. Finally, FMR LLC lifted its holdings in shares of Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after buying an additional 5,524,103 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Price Performance
Shares of NASDAQ EXC traded down $0.39 during mid-day trading on Friday, reaching $43.25. 5,163,805 shares of the company traded hands, compared to its average volume of 7,336,736. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market cap of $43.66 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The stock has a fifty day simple moving average of $44.78 and a 200-day simple moving average of $42.22.
Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.
Exelon Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.70%. Exelon's dividend payout ratio (DPR) is 59.48%.
Analyst Ratings Changes
Several brokerages recently issued reports on EXC. BMO Capital Markets lifted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Wells Fargo & Company lifted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Evercore ISI lifted their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $47.40.
Get Our Latest Stock Analysis on EXC
Exelon Profile
(
Free Report)
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.
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