Exelon Co. (NASDAQ:EXC) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 47.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,059 shares of the company's stock after acquiring an additional 9,405 shares during the quarter. Park Avenue Securities LLC's holdings in Exelon were worth $1,339,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Centre Asset Management LLC increased its stake in shares of Exelon by 3.2% during the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after purchasing an additional 233 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in Exelon by 2.8% during the 4th quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock valued at $444,000 after buying an additional 324 shares during the last quarter. Horizon Investments LLC increased its position in Exelon by 1.8% during the fourth quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock worth $708,000 after buying an additional 335 shares in the last quarter. Wedbush Securities Inc. increased its position in Exelon by 1.8% during the fourth quarter. Wedbush Securities Inc. now owns 19,399 shares of the company's stock worth $730,000 after buying an additional 342 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of Exelon by 1.3% in the fourth quarter. Lido Advisors LLC now owns 27,570 shares of the company's stock valued at $1,038,000 after acquiring an additional 353 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Stock Up 1.8%

EXC stock traded up $0.76 during trading on Thursday, reaching $43.64. The stock had a trading volume of 7,719,701 shares, compared to its average volume of 7,368,199. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The firm has a fifty day moving average price of $44.83 and a 200 day moving average price of $42.14. The company has a market capitalization of $44.06 billion, a P/E ratio of 17.81, a PEG ratio of 2.86 and a beta of 0.39. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly 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. 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 analysts' expectations of $6.30 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company's revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 12th will be paid a $0.40 dividend. 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 3.67%. Exelon's dividend payout ratio (DPR) is 59.48%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EXC shares. Guggenheim lifted their price objective on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. BMO Capital Markets upped their price objective on shares of 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 raised 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. UBS Group reiterated a "neutral" rating and issued a $48.00 price target (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. Finally, Barclays increased their price target on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $47.40.

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.