Praxis Investment Management Inc. boosted its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 26.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,630 shares of the company's stock after purchasing an additional 7,460 shares during the quarter. Praxis Investment Management Inc.'s holdings in Exelon were worth $1,642,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. Centre Asset Management LLC lifted its position in Exelon by 3.2% in the 1st quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after acquiring an additional 233 shares in the last quarter. Stanley Laman Group Ltd. increased its holdings in Exelon by 3.8% in the 1st quarter. Stanley Laman Group Ltd. now owns 8,881 shares of the company's stock worth $409,000 after buying an additional 323 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in 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 buying an additional 324 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of Exelon by 1.8% during the 4th quarter. Horizon Investments LLC now owns 18,811 shares of the company's stock valued at $708,000 after acquiring an additional 335 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Exelon by 1.8% in the fourth quarter. Wedbush Securities Inc. now owns 19,399 shares of the company's stock worth $730,000 after acquiring an additional 342 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on EXC. Morgan Stanley dropped their price target on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Wells Fargo & Company upped their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective on the stock. in a report on Wednesday, May 14th. Finally, Guggenheim boosted their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Exelon presently has an average rating of "Hold" and an average target price of $47.40.
Read Our Latest Report on EXC
Exelon Price Performance
Shares of EXC stock traded down $0.10 on Tuesday, hitting $43.10. 4,835,410 shares of the stock traded hands, compared to its average volume of 7,208,646. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. Exelon Corporation has a 52 week low of $34.01 and a 52 week high of $48.11. The firm has a 50 day simple moving average of $44.47 and a two-hundred day simple moving average of $42.42. The firm has a market cap of $43.51 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.46 and a beta of 0.40.
Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The business had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same period last year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.
Exelon Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders 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 dividend yield of 3.71%. Exelon's payout ratio is 59.48%.
About Exelon
(
Free Report)
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.
Further Reading
Before you consider Exelon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exelon wasn't on the list.
While Exelon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
