Harel Insurance Investments & Financial Services Ltd. Purchases Shares of 7,526 Exelon Corporation (NASDAQ:EXC)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,526 shares of the company's stock, valued at approximately $347,000.

A number of other large investors have also recently modified their holdings of EXC. Ameriflex Group Inc. bought a new position in Exelon in the fourth quarter worth approximately $25,000. Millstone Evans Group LLC bought a new position in Exelon in the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. bought a new position in Exelon in the fourth quarter worth approximately $36,000. CoreFirst Bank & Trust bought a new position in Exelon in the fourth quarter worth approximately $40,000. Finally, Redwood Park Advisors LLC bought a new position in Exelon in the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.8%

Shares of EXC stock traded up $0.33 during trading hours on Friday, reaching $43.25. 3,602,321 shares of the company's stock were exchanged, compared to its average volume of 7,124,182. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The stock's 50 day moving average is $43.80 and its 200-day moving average is $42.80. Exelon Corporation has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The company has a market cap of $43.66 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 2.49 and a beta of 0.39.

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 the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the prior year, the firm earned $0.68 EPS. The firm's revenue was up 11.1% on a year-over-year basis. Analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, May 12th. Exelon's payout ratio is 59.48%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EXC. Morgan Stanley reduced their price objective on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Evercore ISI boosted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. BMO Capital Markets boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $47.40.

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.