QRG Capital Management Inc. Raises Holdings in Exelon Co. (NASDAQ:EXC)

QRG Capital Management Inc. lifted its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 16.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 342,729 shares of the company's stock after buying an additional 47,286 shares during the quarter. QRG Capital Management Inc.'s holdings in Exelon were worth $15,793,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock worth $1,039,545,000 after purchasing an additional 7,483,873 shares during the period. Geode Capital Management LLC boosted its stake in shares of Exelon by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock valued at $988,080,000 after purchasing an additional 368,505 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Exelon by 2.7% during the fourth quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock valued at $928,277,000 after buying an additional 653,627 shares during the period. Finally, FMR LLC increased its holdings in Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after buying an additional 5,524,103 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Barclays lifted their target price on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Guggenheim increased their price target 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. Evercore ISI raised their price target on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, UBS Group reiterated a "neutral" rating and set a $48.00 price objective (up previously from $46.00) on shares of Exelon in a research note on Monday, June 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $47.40.

Exelon Stock Performance

EXC opened at $42.68 on Tuesday. The company has a market cap of $43.09 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm's 50-day moving average price is $44.74 and its 200-day moving average price is $42.26. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the prior year, the business posted $0.68 EPS. Exelon's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal 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 paid a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.75%. Exelon's payout ratio is presently 59.48%.

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.

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