R Squared Ltd Has $682,000 Stock Position in Exelon Corporation (NASDAQ:EXC)

Key Points

• R Squared Ltd increased its stake in Exelon Corporation by 270.3%, acquiring an additional 10,810 shares to hold 14,810 shares total, valued at approximately $682,000.
• Multiple hedge funds have significantly raised their positions in Exelon, with Price T Rowe Associates increasing its stake by 37.2% and FMR LLC by 46.9% in the last quarter.
• Exelon announced a quarterly dividend of $0.40 per share, translating to an annual yield of 3.6%, with the ex-dividend date set for August 11th.

R Squared Ltd lifted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 270.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,810 shares of the company's stock after purchasing an additional 10,810 shares during the quarter. Exelon accounts for approximately 0.7% of R Squared Ltd's holdings, making the stock its 29th biggest holding. R Squared Ltd's holdings in Exelon were worth $682,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

EXC has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. KeyCorp reduced their price objective on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. Wells Fargo & Company upped their target price on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. UBS Group reiterated a "neutral" rating and issued a $48.00 target price (up from $47.00) on shares of Exelon in a report on Friday, July 11th. Finally, Guggenheim upped their price objective 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Exelon has an average rating of "Hold" and a consensus price target of $47.20.

Exelon Stock Down 1.1%

EXC stock traded down $0.48 during midday trading on Tuesday, hitting $44.69. The company's stock had a trading volume of 5,787,054 shares, compared to its average volume of 7,468,628. The company's fifty day moving average price is $43.32 and its 200 day moving average price is $43.67. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.95 and a quick ratio of 0.85. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The stock has a market capitalization of $45.12 billion, a P/E ratio of 16.99, a PEG ratio of 2.62 and a beta of 0.38.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. Exelon's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, equities research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business 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 dividend yield of 3.6%. The ex-dividend date is Monday, August 11th. Exelon's payout ratio is 60.84%.

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.