Nisa Investment Advisors LLC Boosts Position in Exelon Corporation (NASDAQ:EXC)

Nisa Investment Advisors LLC grew its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 91.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 392,302 shares of the company's stock after buying an additional 187,815 shares during the period. Nisa Investment Advisors LLC's holdings in Exelon were worth $18,077,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Exelon in the fourth quarter worth $36,000. Proficio Capital Partners LLC purchased a new stake in Exelon in the fourth quarter worth $4,289,000. Raymond James Financial Inc. purchased a new stake in Exelon in the fourth quarter worth $24,283,000. Callan Family Office LLC bought a new stake in Exelon in the fourth quarter worth $240,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Exelon by 1.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 320,409 shares of the company's stock worth $12,060,000 after acquiring an additional 4,455 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXC has been the topic of several analyst reports. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a report on Wednesday, May 14th. UBS Group boosted their target price on Exelon from $47.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday. BMO Capital Markets boosted their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Guggenheim boosted their target price on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Morgan Stanley dropped their target price 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $47.40.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.12 during midday trading on Friday, reaching $43.51. 5,077,161 shares of the company's stock traded hands, compared to its average volume of 7,093,809. The company has a market cap of $43.92 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 2.52 and a beta of 0.39. 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 Corporation has a one year low of $34.82 and a one year high of $48.11. The stock has a 50 day moving average of $43.46 and a 200 day moving average of $42.97.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, equities research analysts anticipate that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend payout ratio (DPR) is presently 59.48%.

Exelon 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.