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Natixis Advisors LLC Grows Stake in Exelon Corporation (NASDAQ:EXC)

Exelon logo with Utilities background

Key Points

  • Natixis Advisors LLC has increased its stake in Exelon Corporation by 22.7% during the first quarter, now holding 625,848 shares worth approximately $28.84 million.
  • Exelon reported a quarterly earnings per share of $0.39, beating analysts' expectations and showing a 1.2% increase in revenue year-over-year.
  • The company announced a quarterly dividend of $0.40 with a 3.6% yield to be paid on September 15th, following an ex-dividend date of August 11th.
  • MarketBeat previews the top five stocks to own by September 1st.

Natixis Advisors LLC raised its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 22.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 625,848 shares of the company's stock after acquiring an additional 115,901 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Exelon worth $28,839,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position in shares of Exelon by 12.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 16,318 shares of the company's stock valued at $623,000 after buying an additional 1,784 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in Exelon by 37.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 70,051 shares of the company's stock worth $2,637,000 after purchasing an additional 19,094 shares during the last quarter. Huntington National Bank boosted its position in Exelon by 2.3% in the fourth quarter. Huntington National Bank now owns 58,766 shares of the company's stock worth $2,212,000 after purchasing an additional 1,337 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Exelon in the fourth quarter worth $11,665,000. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in Exelon by 28.5% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 247,769 shares of the company's stock worth $9,326,000 after purchasing an additional 54,932 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Price Performance

Shares of Exelon stock traded up $0.50 during trading on Monday, hitting $45.17. 7,356,021 shares of the stock traded hands, compared to its average volume of 5,662,080. The stock has a market cap of $45.60 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.62 and a beta of 0.38. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11. The firm's fifty day moving average is $43.29 and its 200-day moving average is $43.63. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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. The company had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. Research analysts expect 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 will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.5%. Exelon's dividend payout ratio (DPR) is 60.84%.

Analyst Ratings Changes

Several brokerages have issued reports on EXC. BMO Capital Markets boosted their target price on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Wells Fargo & Company boosted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note 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. Morgan Stanley reduced their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a report on Thursday, May 22nd. Finally, Evercore ISI lifted their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.20.

Check Out Our Latest Stock Report on EXC

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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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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