PNC Financial Services Group Inc. Has $15.30 Million Stock Holdings in Exelon Corporation (NASDAQ:EXC)

PNC Financial Services Group Inc. lifted its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 332,085 shares of the company's stock after acquiring an additional 11,676 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Exelon were worth $15,302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Clearwater Capital Advisors LLC acquired a new position in shares of Exelon in the first quarter worth $239,000. UNIVEST FINANCIAL Corp bought a new stake in Exelon in the first quarter worth $424,000. Headland Capital LLC bought a new position in Exelon during the first quarter valued at about $222,000. US Bancorp DE lifted its position in shares of Exelon by 1.7% in the first quarter. US Bancorp DE now owns 166,752 shares of the company's stock worth $7,684,000 after buying an additional 2,767 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Exelon by 12.8% in the first quarter. Harbour Investments Inc. now owns 6,870 shares of the company's stock worth $317,000 after buying an additional 779 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Up 1.1%

Shares of NASDAQ:EXC opened at $45.17 on Tuesday. The company has a market cap of $45.60 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.62 and a beta of 0.38. The stock's 50-day moving average is $43.32 and its 200-day moving average is $43.67. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, August 11th. Exelon's dividend payout ratio (DPR) is presently 60.84%.

Analyst Ratings Changes

A number of analysts have weighed in on EXC shares. Morgan Stanley reduced their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their price target on 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 reissued a "neutral" rating and issued a $48.00 price target (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Evercore ISI lifted 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, KeyCorp dropped their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $47.20.

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.

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