Exelon Corporation (NASDAQ:EXC) Shares Purchased by Prudential PLC

Key Points

• Prudential PLC increased its stake in Exelon Corporation by 186.3%, acquiring an additional 246,968 shares and raising its total holdings to 379,550 shares valued at $17.49 million.
• Exelon recently announced a $0.40 quarterly dividend, representing an annual yield of 3.6%, with the ex-dividend date set for August 11.
• Analysts have mixed opinions on Exelon, with ratings ranging from sell to buy and an average target price of $47.20.

Prudential PLC lifted its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 186.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,550 shares of the company's stock after purchasing an additional 246,968 shares during the period. Prudential PLC's holdings in Exelon were worth $17,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. raised its position in shares of Exelon by 354.9% in the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company's stock valued at $8,911,000 after purchasing an additional 150,876 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Exelon by 3.6% in the first quarter. Arizona State Retirement System now owns 294,857 shares of the company's stock worth $13,587,000 after buying an additional 10,176 shares during the last quarter. Cerity Partners LLC raised its holdings in Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company's stock valued at $22,393,000 after acquiring an additional 63,009 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Exelon during the 1st quarter valued at $6,795,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Exelon by 141.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company's stock valued at $12,400,000 after acquiring an additional 157,548 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of NASDAQ:EXC traded down $0.58 during trading on Thursday, hitting $44.65. 6,822,380 shares of the company traded hands, compared to its average volume of 7,395,174. The stock has a market capitalization of $45.10 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.62 and a beta of 0.38. Exelon Corporation has a one year low of $35.94 and a one year high of $48.11. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The business's fifty day moving average is $43.53 and its 200-day moving average is $43.88.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The firm had revenue of $5.43 billion during 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. As a group, equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 11th will be given a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Exelon's dividend payout ratio (DPR) is currently 60.84%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXC shares. UBS Group reissued a "neutral" rating and issued a $48.00 target price (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. KeyCorp decreased their price target on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research note on Wednesday, July 16th. BMO Capital Markets boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Evercore ISI increased their target price on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Finally, Morgan Stanley decreased their target price 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.