Mesirow Financial Investment Management Inc. Purchases 50,425 Shares of Exelon Corporation (NASDAQ:EXC)

Key Points

• Mesirow Financial Investment Management Inc. increased its stake in Exelon Corporation by 98.2%, acquiring 50,425 shares to hold a total of 101,750 shares worth approximately $4.69 million.
• Exelon recently reported earnings of $0.92 per share for the quarter, exceeding expectations and reflecting a 11.1% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.40 per share, with an annualized yield of 3.62%, set to be paid on September 15th.

Mesirow Financial Investment Management Inc. raised its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 98.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,750 shares of the company's stock after buying an additional 50,425 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Exelon were worth $4,689,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EXC. Price T Rowe Associates Inc. MD raised its stake in Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after buying an additional 7,483,873 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Exelon by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock valued at $988,080,000 after acquiring an additional 368,505 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Exelon by 2.7% during the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after purchasing an additional 653,627 shares during the last quarter. FMR LLC boosted its holdings in Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after acquiring an additional 5,524,103 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Exelon by 11.1% during the fourth quarter. Deutsche Bank AG now owns 17,089,308 shares of the company's stock valued at $643,242,000 after buying an additional 1,706,184 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. UBS Group reissued a "neutral" rating and set a $48.00 target price (up previously from $47.00) on shares of Exelon in a research note on Friday, July 11th. Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. KeyCorp decreased their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. Finally, Morgan Stanley reduced their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $47.20.

Exelon Price Performance

Shares of Exelon stock traded up $0.51 during trading on Monday, reaching $45.18. The company's stock had a trading volume of 3,388,466 shares, compared to its average volume of 7,449,466. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The stock has a market capitalization of $45.61 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average price of $43.29 and a two-hundred day moving average price of $43.63.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a net margin of 11.16% and a return on equity of 9.85%. Exelon's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

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

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.