National Bank of Canada FI Buys 534,404 Shares of Exelon Corporation (NASDAQ:EXC)

Key Points

• National Bank of Canada FI increased its stake in Exelon Corporation by 72.2%, acquiring an additional 534,404 shares, totaling 1,274,574 shares valued at approximately $58.73 million.
• Exelon reported an earnings per share (EPS) of $0.39 for the last quarter, beating analysts' expectations, with revenues of $5.43 billion, which is a 1.2% increase year-over-year.
• The company declared a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 3.5%, with a payout ratio currently at 60.84%.

National Bank of Canada FI increased its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 72.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,274,574 shares of the company's stock after acquiring an additional 534,404 shares during the period. National Bank of Canada FI owned approximately 0.13% of Exelon worth $58,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Edgestream Partners L.P. lifted its stake in Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after buying an additional 150,876 shares in the last quarter. Arizona State Retirement System grew its stake in Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock valued at $13,587,000 after acquiring an additional 10,176 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Exelon by 14.9% in the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after purchasing an additional 63,009 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Exelon in the first quarter worth approximately $6,795,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Exelon by 141.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock worth $12,400,000 after purchasing an additional 157,548 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent research reports. Guggenheim increased their price objective on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. KeyCorp dropped their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a report on Wednesday, July 16th. UBS Group restated a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Stock Performance

Shares of NASDAQ EXC traded down $0.61 during trading hours on Monday, hitting $44.71. 4,396,355 shares of the stock were exchanged, compared to its average volume of 6,018,795. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company's 50 day moving average is $43.44 and its 200 day moving average is $43.83. 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 has a market capitalization of $45.16 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.66 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 for the quarter, beating the consensus estimate of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the company earned $0.47 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio (DPR) is presently 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.