Mackenzie Financial Corp Reduces Stake in Exelon Co. (NASDAQ:EXC)

Mackenzie Financial Corp reduced its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 236,254 shares of the company's stock after selling 44,881 shares during the quarter. Mackenzie Financial Corp's holdings in Exelon were worth $8,893,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC bought a new position in Exelon in the 4th quarter worth $174,000. GF Fund Management CO. LTD. bought a new position in Exelon in the 4th quarter worth $7,168,000. Neo Ivy Capital Management bought a new position in Exelon in the 4th quarter worth $360,000. Vise Technologies Inc. raised its holdings in Exelon by 24.5% in the 4th quarter. Vise Technologies Inc. now owns 13,588 shares of the company's stock worth $511,000 after purchasing an additional 2,678 shares during the period. Finally, Cornerstone Advisory LLC increased its stake in Exelon by 16.2% in the 4th quarter. Cornerstone Advisory LLC now owns 9,244 shares of the company's stock worth $348,000 after buying an additional 1,289 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXC. BMO Capital Markets increased their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. KeyCorp lowered Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a research note on Wednesday, May 14th. Guggenheim increased their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group increased their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Morgan Stanley cut their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $47.30.

Exelon Price Performance

Shares of Exelon stock traded down $0.01 during trading on Friday, reaching $43.69. 20,942,219 shares of the stock traded hands, compared to its average volume of 7,357,326. The company has a market capitalization of $44.11 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 2.86 and a beta of 0.43. The business has a fifty day simple moving average of $45.23 and a two-hundred day simple moving average of $41.97. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. Sell-side analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.66%. Exelon's dividend payout ratio is currently 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.