Robeco Institutional Asset Management B.V. Trims Stock Position in Exelon Corporation (NASDAQ:EXC)

Robeco Institutional Asset Management B.V. cut its stake in Exelon Corporation (NASDAQ:EXC - Free Report) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,579,924 shares of the company's stock after selling 44,881 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Exelon worth $72,803,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Ameriflex Group Inc. purchased a new stake in shares of Exelon during the 4th quarter worth about $25,000. Millstone Evans Group LLC acquired a new position in Exelon in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. purchased a new position in Exelon during the fourth quarter worth approximately $36,000. CoreFirst Bank & Trust acquired a new stake in Exelon in the fourth quarter valued at approximately $40,000. Finally, Redwood Park Advisors LLC acquired a new stake in Exelon in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group reiterated a "neutral" rating and set a $48.00 target price (up previously from $46.00) on shares of Exelon in a research report on Monday, June 2nd. Wells Fargo & Company increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Guggenheim lifted their target price 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. BMO Capital Markets boosted their target price on shares of Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Evercore ISI upped their price target on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. One 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $47.40.

Exelon Price Performance

Shares of NASDAQ:EXC traded up $0.40 during midday trading on Friday, hitting $42.91. The company's stock had a trading volume of 7,322,596 shares, compared to its average volume of 7,168,525. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The company has a market cap of $43.32 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.98 and a current ratio of 1.09. The business's 50 day simple moving average is $44.22 and its 200 day simple moving average is $42.46.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The business's revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. On average, analysts forecast that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 12th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's payout ratio is currently 59.48%.

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.