Tobam Purchases 25,278 Shares of Exelon Co. (NASDAQ:EXC)

Tobam boosted its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 1,079.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,619 shares of the company's stock after purchasing an additional 25,278 shares during the period. Tobam's holdings in Exelon were worth $1,273,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Ameriflex Group Inc. bought a new position in shares of Exelon in the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC acquired a new stake in Exelon during the 4th quarter valued at $28,000. Capital Advisors Ltd. LLC raised its position in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after purchasing an additional 513 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Exelon in the fourth quarter worth $36,000. Finally, Stonebridge Financial Group LLC acquired a new position in Exelon in the fourth quarter worth $40,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Trading Down 0.9%

Shares of Exelon stock traded down $0.39 on Friday, hitting $43.25. 5,163,805 shares of the company's stock traded hands, compared to its average volume of 7,342,840. The firm's 50-day moving average price is $44.81 and its two-hundred day moving average price is $42.17. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of $43.66 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. Exelon Co. has a one year low of $34.01 and a one year high of $48.11.

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

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's dividend payout ratio (DPR) is presently 59.48%.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXC shares. Scotiabank lifted their price target on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. 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 note on Friday, May 2nd. UBS Group reissued a "neutral" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a report on Monday, June 2nd. Finally, Morgan Stanley reduced their price objective on Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Exelon presently has an average rating of "Hold" and an average price target of $47.40.

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.