Patton Fund Management Inc. Purchases Shares of 100,602 Exelon Corporation (NASDAQ:EXC)

Patton Fund Management Inc. acquired a new position in Exelon Corporation (NASDAQ:EXC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 100,602 shares of the company's stock, valued at approximately $4,636,000. Exelon makes up 1.1% of Patton Fund Management Inc.'s investment portfolio, making the stock its 26th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Centre Asset Management LLC raised its stake in Exelon by 3.2% in the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock worth $349,000 after buying an additional 233 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in shares of Exelon by 3.8% during the 1st quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock worth $409,000 after acquiring an additional 323 shares during the period. Ausdal Financial Partners Inc. raised its position in shares of Exelon by 2.8% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock worth $444,000 after acquiring an additional 324 shares in the last quarter. Horizon Investments LLC lifted its stake in shares of Exelon by 1.8% in the 4th quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock valued at $708,000 after purchasing an additional 335 shares during the period. Finally, Wedbush Securities Inc. boosted its position in shares of Exelon by 1.8% during the fourth quarter. Wedbush Securities Inc. now owns 19,399 shares of the company's stock valued at $730,000 after purchasing an additional 342 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a research note on Wednesday, May 14th. UBS Group reissued a "neutral" rating and set a $48.00 price target (up from $46.00) on shares of Exelon in a research report on Monday, June 2nd. Guggenheim upped their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, BMO Capital Markets lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $47.40.

Exelon Stock Down 0.0%

NASDAQ EXC traded down $0.02 during mid-day trading on Wednesday, reaching $42.37. The stock had a trading volume of 4,343,121 shares, compared to its average volume of 7,279,637. The stock has a market cap of $42.77 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.39. Exelon Corporation has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. The company has a fifty day moving average price of $44.71 and a 200 day moving average price of $42.26.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company's revenue was up 11.1% on a year-over-year basis. On average, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business 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. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.78%. Exelon's dividend payout ratio (DPR) is 59.48%.

About Exelon

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.