Public Sector Pension Investment Board Acquires 98,103 Shares of Exelon Corporation (NASDAQ:EXC)

Key Points

• The Public Sector Pension Investment Board increased its holdings in Exelon Corporation by 37.6% in the first quarter, acquiring 98,103 shares for a total of $16,534,000 in value.
• Exelon announced a quarterly dividend of $0.40, resulting in an annualized dividend of $1.60 and a yield of 3.6%.
• Analysts have mixed ratings for Exelon, with one sell rating, five hold ratings, and four buy ratings, while the average price target is set at $47.20.

Public Sector Pension Investment Board grew its holdings in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 37.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,804 shares of the company's stock after acquiring an additional 98,103 shares during the quarter. Public Sector Pension Investment Board's holdings in Exelon were worth $16,534,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EXC. Federated Hermes Inc. boosted its position in shares of Exelon by 30.2% during the 4th quarter. Federated Hermes Inc. now owns 31,183 shares of the company's stock valued at $1,174,000 after acquiring an additional 7,242 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Exelon in the 4th quarter worth approximately $24,283,000. Sterling Capital Management LLC lifted its position in Exelon by 55.3% in the 4th quarter. Sterling Capital Management LLC now owns 59,717 shares of the company's stock worth $2,248,000 after buying an additional 21,274 shares during the last quarter. Townsquare Capital LLC lifted its position in Exelon by 14.4% in the 4th quarter. Townsquare Capital LLC now owns 18,896 shares of the company's stock worth $711,000 after buying an additional 2,379 shares during the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in Exelon by 3.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,761 shares of the company's stock worth $1,572,000 after buying an additional 1,526 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXC. KeyCorp dropped their target price on Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. Evercore ISI boosted 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. Guggenheim lifted their price target on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. BMO Capital Markets lifted their price target on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Wells Fargo & Company lifted their price target on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Price Performance

EXC opened at $44.71 on Tuesday. 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 Corporation has a 52-week low of $35.94 and a 52-week high of $48.11. The stock has a market capitalization of $45.16 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.66 and a beta of 0.38. The stock's 50 day moving average price is $43.46 and its 200-day moving average price is $43.87.

Exelon (NASDAQ:EXC - Get Free Report) last posted its 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. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The firm had revenue of $5.43 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The company also recently declared 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 yield of 3.6%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's dividend payout ratio is presently 60.84%.

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.

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