Exelon Corporation (NASDAQ:EXC) Stock Holdings Reduced by ING Groep NV

Key Points

• ING Groep NV reduced its holdings in Exelon Corporation by 13.6%, selling 50,520 shares during the first quarter, leaving them with 322,294 shares valued at approximately $14.85 million.
• Exelon recently announced a dividend of $0.40 per share, representing an annualized dividend of $1.60 with a yield of 3.5%.
• Brokerages have varied opinions on Exelon's stock, with average ratings indicating a "Hold" status and a consensus price target of $47.20.

ING Groep NV decreased its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,294 shares of the company's stock after selling 50,520 shares during the quarter. ING Groep NV's holdings in Exelon were worth $14,851,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in Exelon in the 4th quarter valued at about $25,000. Hazlett Burt & Watson Inc. lifted its stake in Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock worth $32,000 after purchasing an additional 220 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Exelon in the first quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Exelon in the first quarter valued at approximately $42,000. Finally, Redwood Park Advisors LLC purchased a new stake in shares of Exelon during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

EXC has been the topic of several research reports. Wells Fargo & Company upped their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. BMO Capital Markets lifted their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Morgan Stanley dropped their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Finally, UBS Group reiterated a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of "Hold" and a consensus target price of $47.20.

Exelon Price Performance

Shares of EXC traded down $0.22 during midday trading on Friday, reaching $45.32. The stock had a trading volume of 3,803,099 shares, compared to its average volume of 6,082,460. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. The firm's 50 day moving average price is $43.44 and its 200-day moving average price is $43.76. The company has a market capitalization of $45.77 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.67 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. On average, analysts forecast that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Exelon's payout ratio is 60.84%.

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.