Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,090 shares of the company's stock after acquiring an additional 55,218 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Exelon were worth $15,429,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in EXC. Achmea Investment Management B.V. bought a new position in Exelon in the first quarter worth about $25,164,000. Transcend Capital Advisors LLC raised its position in shares of Exelon by 2.4% during the 1st quarter. Transcend Capital Advisors LLC now owns 24,791 shares of the company's stock worth $1,142,000 after purchasing an additional 584 shares during the period. Diversified Trust Co lifted its holdings in shares of Exelon by 89.6% in the 1st quarter. Diversified Trust Co now owns 42,011 shares of the company's stock worth $1,936,000 after purchasing an additional 19,848 shares during the last quarter. PDS Planning Inc bought a new stake in shares of Exelon in the 1st quarter worth approximately $240,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in Exelon during the 1st quarter valued at approximately $90,000. 80.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on EXC shares. Morgan Stanley cut their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective on the stock. in a report on Wednesday, May 14th. Guggenheim boosted their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company upped their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets lifted 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. One equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $47.40.
Read Our Latest Research Report on EXC
Exelon Price Performance
Shares of EXC stock traded down $0.40 during midday trading on Wednesday, reaching $43.02. 1,933,276 shares of the company were exchanged, compared to its average volume of 7,091,880. The company's 50 day moving average price is $44.00 and its two-hundred day moving average price is $42.63. The company has a market cap of $43.43 billion, a P/E ratio of 15.99, a PEG ratio of 2.51 and a beta of 0.39. Exelon Corporation has a 12 month low of $34.01 and a 12 month 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 announced its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. On average, sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.
Exelon Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were issued a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.72%. Exelon's dividend payout ratio (DPR) is 59.48%.
About Exelon
(
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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