Exelon Co. (NASDAQ:EXC) Stock Holdings Boosted by Royal Bank of Canada

Royal Bank of Canada increased its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 125.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,838,729 shares of the company's stock after purchasing an additional 2,137,439 shares during the period. Royal Bank of Canada owned approximately 0.38% of Exelon worth $144,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Rafferty Asset Management LLC increased its holdings in Exelon by 13.1% in the fourth quarter. Rafferty Asset Management LLC now owns 459,964 shares of the company's stock valued at $17,313,000 after buying an additional 53,289 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Exelon during the 4th quarter valued at about $875,000. ProShare Advisors LLC grew its stake in Exelon by 18.6% during the 4th quarter. ProShare Advisors LLC now owns 1,412,224 shares of the company's stock valued at $53,156,000 after acquiring an additional 221,831 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Exelon by 46.2% in the 4th quarter. Quantinno Capital Management LP now owns 110,774 shares of the company's stock valued at $4,170,000 after purchasing an additional 35,015 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in Exelon in the 4th quarter valued at about $558,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Guggenheim upped their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. BMO Capital Markets raised 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. Scotiabank raised their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a report on Wednesday, May 14th. Finally, UBS Group boosted their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Exelon has a consensus rating of "Hold" and an average target price of $47.30.

Exelon Stock Down 0.2%

Shares of NASDAQ EXC traded down $0.07 during trading on Wednesday, reaching $44.19. 6,893,450 shares of the stock were exchanged, compared to its average volume of 7,286,397. The business's 50-day moving average price is $45.28 and its 200 day moving average price is $41.65. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $48.11. 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 company has a market capitalization of $44.61 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, equities analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.62%. Exelon's dividend payout ratio is currently 59.48%.

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.