NBC Securities Inc. Raises Stock Holdings in Exelon Co. (NASDAQ:EXC)

NBC Securities Inc. increased its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 106,370.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,294 shares of the company's stock after purchasing an additional 21,274 shares during the quarter. NBC Securities Inc.'s holdings in Exelon were worth $981,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EXC. Czech National Bank boosted its holdings in Exelon by 6.0% in the first quarter. Czech National Bank now owns 230,882 shares of the company's stock worth $10,639,000 after acquiring an additional 13,014 shares in the last quarter. Rhumbline Advisers increased its position in shares of Exelon by 4.5% in the 1st quarter. Rhumbline Advisers now owns 2,051,186 shares of the company's stock valued at $94,519,000 after acquiring an additional 89,045 shares during the period. Veery Capital LLC raised its stake in Exelon by 6.4% in the 1st quarter. Veery Capital LLC now owns 8,372 shares of the company's stock worth $386,000 after acquiring an additional 500 shares during the last quarter. Parallel Advisors LLC lifted its position in Exelon by 39.1% during the 1st quarter. Parallel Advisors LLC now owns 11,626 shares of the company's stock worth $535,000 after acquiring an additional 3,270 shares during the period. Finally, Summit Global Investments acquired a new stake in Exelon during the 1st quarter worth about $761,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EXC shares. UBS Group raised their price objective on Exelon from $46.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday. Evercore ISI increased their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a research note on Wednesday, May 14th. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $47.40.

Exelon Stock Performance

Exelon stock traded up $0.11 during mid-day trading on Thursday, hitting $42.86. The company had a trading volume of 5,801,780 shares, compared to its average volume of 7,356,777. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11. The company's fifty day moving average is $45.17 and its 200-day moving average is $42.02. The company has a market capitalization of $43.27 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.86 and a beta of 0.40.

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

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.73%. 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.