IFM Investors Pty Ltd raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 346,724 shares of the company's stock after acquiring an additional 21,150 shares during the quarter. IFM Investors Pty Ltd's holdings in Exelon were worth $15,977,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Centre Asset Management LLC increased its position in Exelon by 3.2% during the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after acquiring an additional 233 shares during the period. Resonant Capital Advisors LLC increased its position in Exelon by 3.8% during the first quarter. Resonant Capital Advisors LLC now owns 7,220 shares of the company's stock worth $333,000 after acquiring an additional 267 shares during the period. Confluence Wealth Services Inc. increased its position in Exelon by 3.3% during the first quarter. Confluence Wealth Services Inc. now owns 8,670 shares of the company's stock worth $406,000 after acquiring an additional 275 shares during the period. First Horizon Advisors Inc. increased its position in Exelon by 6.2% during the first quarter. First Horizon Advisors Inc. now owns 5,106 shares of the company's stock worth $235,000 after acquiring an additional 296 shares during the period. Finally, Stanley Laman Group Ltd. increased its position in Exelon by 3.8% during the first quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock worth $409,000 after acquiring an additional 323 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
EXC has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Guggenheim boosted their price target on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets boosted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target on the stock. in a report on Wednesday, May 14th. Finally, UBS Group reissued a "neutral" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. One investment 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $47.40.
View Our Latest Analysis on EXC
Exelon Price Performance
Shares of EXC traded down $0.17 during trading hours on Tuesday, hitting $43.00. The stock had a trading volume of 6,406,801 shares, compared to its average volume of 7,117,925. The company's fifty day moving average is $43.65 and its two-hundred day moving average is $42.85. 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 Corporation has a 52 week low of $34.09 and a 52 week high of $48.11. The stock has a market capitalization of $43.41 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.49 and a beta of 0.39.
Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results 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 net margin of 11.44% and a return on equity of 10.29%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.
Exelon Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.72%. Exelon's dividend payout ratio (DPR) is 59.48%.
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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