Penserra Capital Management LLC Grows Position in Exelon Corporation (NASDAQ:EXC)

Penserra Capital Management LLC raised its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 619.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,917 shares of the company's stock after acquiring an additional 16,289 shares during the period. Penserra Capital Management LLC's holdings in Exelon were worth $870,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EXC. US Asset Management LLC purchased a new position in shares of Exelon during the first quarter worth $202,000. Rice Partnership LLC acquired a new stake in Exelon during the 1st quarter worth about $227,000. Concurrent Investment Advisors LLC raised its stake in shares of Exelon by 11.6% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,986 shares of the company's stock valued at $552,000 after buying an additional 1,243 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Exelon by 19.3% in the 1st quarter. World Investment Advisors now owns 8,101 shares of the company's stock valued at $373,000 after buying an additional 1,310 shares during the period. Finally, Argyle Capital Management LLC boosted its stake in shares of Exelon by 1.3% in the first quarter. Argyle Capital Management LLC now owns 31,942 shares of the company's stock worth $1,472,000 after buying an additional 400 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

NASDAQ:EXC traded up $0.49 during trading hours on Thursday, reaching $43.63. 4,369,170 shares of the company were exchanged, compared to its average volume of 7,095,459. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The firm has a market cap of $44.05 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 2.48 and a beta of 0.39. Exelon Corporation has a twelve month low of $34.34 and a twelve month high of $48.11. The stock's 50-day moving average is $43.58 and its 200-day moving average is $42.85.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The business 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 company earned $0.68 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were issued 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 dividend yield of 3.67%. Exelon's payout ratio is currently 59.48%.

Analyst Ratings Changes

EXC has been the subject of a number of analyst reports. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a report on Wednesday, May 14th. Wells Fargo & Company lifted their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley lowered their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets lifted their price objective 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has an average rating of "Hold" and an average target price of $47.40.

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.