Exelon Corporation (NASDAQ:EXC) Shares Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its position 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 Securities & Exchange Commission. The fund owned 35,630 shares of the company's stock after buying an additional 7,460 shares during the period. Praxis Investment Management Inc.'s holdings in Exelon were worth $1,642,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of EXC. Ameriflex Group Inc. acquired a new position in Exelon in the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC acquired a new position in Exelon in the 4th quarter valued at $28,000. Capital Advisors Ltd. LLC raised its stake in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after purchasing an additional 513 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Exelon in the 4th quarter worth $36,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of Exelon during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EXC shares. BMO Capital Markets raised their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. KeyCorp cut Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a research note on Wednesday, May 14th. UBS Group reiterated a "neutral" rating and issued a $48.00 price objective (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. Evercore ISI lifted their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Finally, Barclays lifted their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Exelon currently has an average rating of "Hold" and an average target price of $47.40.

Exelon Stock Up 0.5%

EXC stock traded up $0.23 during trading on Friday, hitting $42.60. 12,634,954 shares of the company's stock were exchanged, compared to its average volume of 7,226,520. The business has a 50-day moving average price of $44.54 and a two-hundred day moving average price of $42.38. The stock has a market capitalization of $43.01 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 2.46 and a beta of 0.40. Exelon Corporation has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66.

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. The company had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. As a group, equities research analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.76%. The ex-dividend date was Monday, May 12th. Exelon's dividend payout ratio (DPR) is 59.48%.

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.