Raiffeisen Bank International AG Has $654,000 Stock Position in Exelon Corporation (NASDAQ:EXC)

Key Points

• Raiffeisen Bank International AG reduced its stake in Exelon Corporation by 37.1% in the first quarter, now holding 14,620 shares worth approximately $654,000.
• Exelon reported earnings of $0.39 per share, exceeding analyst expectations, while revenue for the quarter was $5.43 billion, showing a 1.2% increase from the previous year.
• The company will pay a quarterly dividend of $0.40 per share on September 15th, supporting an annualized yield of 3.5%.

Raiffeisen Bank International AG decreased its position in shares of Exelon Corporation (NASDAQ:EXC - Free Report) by 37.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,620 shares of the company's stock after selling 8,630 shares during the period. Raiffeisen Bank International AG's holdings in Exelon were worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Providence Wealth Advisors LLC boosted its position in Exelon by 0.6% during the first quarter. Providence Wealth Advisors LLC now owns 39,342 shares of the company's stock valued at $1,802,000 after purchasing an additional 217 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company's stock valued at $32,000 after buying an additional 220 shares in the last quarter. CWM LLC raised its holdings in Exelon by 0.7% during the first quarter. CWM LLC now owns 33,775 shares of the company's stock valued at $1,556,000 after buying an additional 226 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in Exelon by 2.4% during the first quarter. Catalyst Financial Partners LLC now owns 9,761 shares of the company's stock valued at $450,000 after buying an additional 230 shares in the last quarter. Finally, Centre Asset Management LLC raised its holdings in Exelon by 3.2% during the first quarter. Centre Asset Management LLC now owns 7,584 shares of the company's stock valued at $349,000 after buying an additional 233 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Up 1.1%

EXC stock opened at $45.17 on Tuesday. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a market cap of $45.60 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The business's 50-day simple moving average is $43.32 and its 200 day simple moving average is $43.67. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 11th. Exelon's payout ratio is presently 60.84%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. KeyCorp dropped their price objective on Exelon from $39.00 to $37.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 16th. BMO Capital Markets lifted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. UBS Group reiterated a "neutral" rating and issued a $48.00 price objective (up from $47.00) on shares of Exelon in a research note on Friday, July 11th. Finally, Wells Fargo & Company lifted their price objective 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Exelon currently has a consensus rating of "Hold" and a consensus price target of $47.20.

Exelon Company 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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