KBC Group NV Has $6.99 Million Position in Exelon Corporation (NASDAQ:EXC)

KBC Group NV decreased its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 54.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,573 shares of the company's stock after selling 177,815 shares during the period. KBC Group NV's holdings in Exelon were worth $6,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. IFP Advisors Inc increased its holdings in Exelon by 71.9% during the fourth quarter. IFP Advisors Inc now owns 3,547 shares of the company's stock worth $134,000 after buying an additional 1,483 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Exelon during the 4th quarter worth about $4,289,000. SVB Wealth LLC bought a new stake in shares of Exelon in the 4th quarter valued at about $490,000. Smartleaf Asset Management LLC raised its holdings in shares of Exelon by 54.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 9,661 shares of the company's stock valued at $364,000 after purchasing an additional 3,409 shares during the period. Finally, Norden Group LLC lifted its stake in Exelon by 5.2% in the 4th quarter. Norden Group LLC now owns 7,227 shares of the company's stock valued at $272,000 after purchasing an additional 358 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EXC shares. Morgan Stanley lowered their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. UBS Group restated a "neutral" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. BMO Capital Markets raised their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Evercore ISI lifted their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. One 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 company's stock. According to MarketBeat.com, Exelon currently has an average rating of "Hold" and an average price target of $47.40.

Exelon Stock Performance

NASDAQ:EXC traded up $0.33 during mid-day trading on Thursday, hitting $43.25. 3,602,321 shares of the stock were exchanged, compared to its average volume of 7,118,265. The firm's 50-day simple moving average is $43.92 and its 200 day simple moving average is $42.63. The stock has a market capitalization of $43.66 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 2.48 and a beta of 0.39. Exelon Corporation 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 1.66, a quick ratio of 0.98 and a current ratio of 1.09.

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

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio (DPR) is 59.48%.

Exelon Company 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.