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

Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,526 shares of the company's stock, valued at approximately $347,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allianz SE bought a new stake in shares of Exelon during the fourth quarter valued at approximately $5,953,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Exelon by 141.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after buying an additional 157,548 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Exelon during the first quarter valued at approximately $6,795,000. Schroder Investment Management Group boosted its position in shares of Exelon by 86.7% during the fourth quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company's stock valued at $59,329,000 after buying an additional 732,355 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Exelon by 11.2% during the fourth quarter. Parallel Advisors LLC now owns 8,356 shares of the company's stock valued at $315,000 after buying an additional 844 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of several analyst reports. Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. KeyCorp cut Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a research report on Wednesday, May 14th. UBS Group reaffirmed a "neutral" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a research report on Monday, June 2nd. BMO Capital Markets lifted their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One 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 data from MarketBeat, Exelon presently has an average rating of "Hold" and an average target price of $47.40.

Exelon Stock Performance

EXC stock traded down $0.17 during midday trading on Tuesday, hitting $43.00. The company's stock had a trading volume of 6,406,801 shares, compared to its average volume of 7,117,925. The stock's 50-day moving average price is $43.65 and its 200 day moving average price is $42.85. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1 year low of $34.09 and a 1 year high of $48.11. The stock has a market cap of $43.41 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 2.49 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping 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 business had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. On average, equities analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.72%. Exelon's payout ratio is presently 59.48%.

About Exelon

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.