Vident Advisory LLC Increases Position in Exelon Co. (NASDAQ:EXC)

Vident Advisory LLC lifted its position in Exelon Co. (NASDAQ:EXC - Free Report) by 122.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,910 shares of the company's stock after buying an additional 20,322 shares during the quarter. Vident Advisory LLC's holdings in Exelon were worth $1,389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Wesbanco Bank Inc. boosted its stake in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock valued at $375,000 after purchasing an additional 296 shares during the period. PFG Investments LLC lifted its holdings in Exelon by 2.4% during the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company's stock worth $495,000 after buying an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Exelon by 1.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock valued at $697,000 after buying an additional 311 shares during the period. Blue Trust Inc. grew its stake in shares of Exelon by 3.0% in the fourth quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock worth $450,000 after acquiring an additional 322 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in shares of Exelon by 2.8% in the fourth quarter. Ausdal Financial Partners Inc. now owns 11,796 shares of the company's stock worth $444,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley cut their target price on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. KeyCorp cut shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a report on Wednesday, May 14th. BMO Capital Markets increased their price objective on shares of Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, UBS Group lifted their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.30.

Exelon Stock Up 0.5%

Shares of Exelon stock traded up $0.24 during trading hours on Tuesday, hitting $43.91. The company had a trading volume of 8,395,466 shares, compared to its average volume of 7,320,426. The company's 50-day moving average is $45.23 and its two-hundred day moving average is $41.82. Exelon Co. has a twelve month low of $34.01 and a twelve month 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. The company has a market cap of $44.33 billion, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

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

Exelon Dividend Announcement

The company 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is 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.