Principal Financial Group Inc. raised its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,172,545 shares of the company's stock after buying an additional 28,453 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Exelon worth $54,031,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Allianz SE purchased a new stake in Exelon in the 4th quarter valued at $5,953,000. Wealth Enhancement Advisory Services LLC grew its holdings in Exelon by 141.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after buying an additional 157,548 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Exelon in the 1st quarter valued at $6,795,000. Schroder Investment Management Group grew its holdings in Exelon by 86.7% in the 4th quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company's stock valued at $59,329,000 after buying an additional 732,355 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Exelon by 11.2% in the 4th quarter. Parallel Advisors LLC now owns 8,356 shares of the company's stock valued at $315,000 after buying an additional 844 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Trading Up 0.3%
Exelon stock traded up $0.14 during midday trading on Wednesday, reaching $43.14. 4,521,881 shares of the stock traded hands, compared to its average volume of 7,106,360. The company has a 50-day simple moving average of $43.58 and a two-hundred day simple moving average of $42.85. Exelon Corporation has a 12-month low of $34.34 and a 12-month high of $48.11. The firm has a market cap of $43.55 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.48 and a beta of 0.39. 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 announced its 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 company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same period last year, the business posted $0.68 EPS. Exelon's revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.
Exelon Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's payout ratio is presently 59.48%.
Analyst Ratings Changes
Several brokerages have issued reports on EXC. UBS Group restated a "neutral" rating and issued a $48.00 target price (up from $46.00) on shares of Exelon in a report on Monday, June 2nd. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a research report on Wednesday, May 14th. 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. Morgan Stanley cut their price objective 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. Finally, Evercore ISI raised their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $47.40.
Check Out Our Latest Research Report on Exelon
Exelon Company Profile
(
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.
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