Vident Advisory LLC Acquires 20,322 Shares of Exelon Co. (NASDAQ:EXC)

Vident Advisory LLC grew its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 122.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,910 shares of the company's stock after acquiring 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 large investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its stake in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock worth $61,158,000 after purchasing an additional 279,827 shares in the last quarter. Greenup Street Wealth Management LLC acquired a new position in shares of Exelon in the fourth quarter valued at approximately $2,274,000. Principal Securities Inc. increased its position in shares of Exelon by 10.6% during the fourth quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock worth $851,000 after acquiring an additional 2,160 shares in the last quarter. Busey Bank increased its position in shares of Exelon by 4.0% during the fourth quarter. Busey Bank now owns 326,105 shares of the company's stock worth $12,275,000 after acquiring an additional 12,530 shares in the last quarter. Finally, Custom Index Systems LLC acquired a new stake in shares of Exelon during the fourth quarter worth $237,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EXC shares. Evercore ISI upped 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. Wells Fargo & Company boosted their price target on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Guggenheim lifted their target price on Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, UBS Group upped their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One equities 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 presently has an average rating of "Hold" and an average target price of $47.30.

Exelon Stock Down 1.4%

Shares of Exelon stock traded down $0.63 on Wednesday, reaching $43.28. 4,308,704 shares of the company were exchanged, compared to its average volume of 7,308,553. The company has a market capitalization of $43.69 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.86 and a beta of 0.43. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The company has a 50-day moving average of $45.22 and a 200 day moving average of $41.83.

Exelon (NASDAQ:EXC - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the previous year, the company earned $0.68 earnings per share. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current 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 paid 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 3.70%. Exelon's dividend payout ratio is presently 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.