UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Exelon Co. (NASDAQ:EXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 43.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,846,030 shares of the company's stock after acquiring an additional 3,878,687 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.28% of Exelon worth $483,525,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EXC. Vanguard Group Inc. increased its holdings in Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock valued at $4,792,903,000 after purchasing an additional 3,064,673 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Exelon by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company's stock valued at $1,039,545,000 after buying an additional 7,483,873 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Exelon by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company's stock worth $988,080,000 after purchasing an additional 368,505 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Exelon by 2.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,662,037 shares of the company's stock worth $928,277,000 after purchasing an additional 653,627 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock worth $651,422,000 after purchasing an additional 5,524,103 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Guggenheim upped their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Scotiabank increased their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Evercore ISI lifted their price objective on shares of Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, KeyCorp lowered shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective on the stock. in a report on Wednesday, May 14th. 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. According to MarketBeat.com, Exelon presently has an average rating of "Hold" and a consensus price target of $47.30.

Exelon Stock Performance

NASDAQ:EXC traded up $0.25 during mid-day trading on Friday, hitting $43.67. The company's stock had a trading volume of 9,679,452 shares, compared to its average volume of 7,303,596. The business's fifty day moving average is $45.25 and its two-hundred day moving average is $41.73. The stock has a market cap of $44.09 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 2.86 and a beta of 0.43. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data 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. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. During the same quarter in the prior year, the company earned $0.68 EPS. Exelon's revenue was up 11.1% compared to the same quarter last year. Analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.66%. Exelon's dividend payout ratio (DPR) is presently 59.48%.

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.