UNIVEST FINANCIAL Corp Acquires Shares of 9,200 Exelon Corporation (NASDAQ:EXC)

Key Points

• UNIVEST FINANCIAL Corp acquired 9,200 shares of Exelon Corporation, valued at approximately $424,000, indicating strong interest from institutional investors in the company.
• Exelon Corporation recently reported quarterly earnings of $0.39 per share, surpassing analysts' expectations and showing a 1.2% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.40 per share with a dividend yield of 3.6%, reinforcing its commitment to returning value to shareholders.

UNIVEST FINANCIAL Corp bought a new stake in Exelon Corporation (NASDAQ:EXC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,200 shares of the company's stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Exelon by 37.2% during the fourth 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 in the last quarter. FMR LLC lifted its stake in Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after buying an additional 5,524,103 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Exelon by 43.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company's stock valued at $483,525,000 after buying an additional 3,878,687 shares in the last quarter. Invesco Ltd. lifted its stake in Exelon by 25.8% during the fourth quarter. Invesco Ltd. now owns 13,718,745 shares of the company's stock valued at $516,374,000 after buying an additional 2,817,174 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Exelon by 125.6% during the fourth quarter. Royal Bank of Canada now owns 3,838,729 shares of the company's stock valued at $144,489,000 after buying an additional 2,137,439 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. KeyCorp reduced their price target on shares of Exelon from $39.00 to $37.00 and set an "underweight" rating for the company in a research report on Wednesday, July 16th. UBS Group restated a "neutral" rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a report on Friday, July 11th. Wells Fargo & Company increased their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Finally, Guggenheim increased their price objective on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Exelon has an average rating of "Hold" and an average target price of $47.20.

Exelon Stock Performance

Shares of EXC traded up $0.50 during trading hours on Monday, reaching $45.17. 7,356,021 shares of the company traded hands, compared to its average volume of 5,662,080. The stock's fifty day moving average is $43.29 and its 200 day moving average is $43.63. The stock has a market cap of $45.60 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly 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 net margin of 11.16% and a return on equity of 9.85%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the previous year, the company earned $0.47 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

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.