World Equity Group Inc. Raises Stock Position in Exelon Corporation (NASDAQ:EXC)

World Equity Group Inc. raised its holdings in Exelon Corporation (NASDAQ:EXC - Free Report) by 48.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,549 shares of the company's stock after purchasing an additional 8,297 shares during the quarter. World Equity Group Inc.'s holdings in Exelon were worth $1,176,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of EXC. Principal Securities Inc. lifted its holdings in Exelon by 10.6% during the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company's stock worth $851,000 after buying an additional 2,160 shares during the period. Allianz SE bought a new position in shares of Exelon in the 4th quarter worth about $5,953,000. Vontobel Holding Ltd. raised its position in shares of Exelon by 89.1% in the 4th quarter. Vontobel Holding Ltd. now owns 11,759 shares of the company's stock worth $443,000 after acquiring an additional 5,539 shares in the last quarter. IFP Advisors Inc raised its position in shares of Exelon by 71.9% in the 4th quarter. IFP Advisors Inc now owns 3,547 shares of the company's stock worth $134,000 after acquiring an additional 1,483 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Exelon by 86.7% in the 4th quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company's stock worth $59,329,000 after acquiring an additional 732,355 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analyst Weigh In

EXC has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Exelon from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Evercore ISI increased their target price on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Guggenheim upped their price target on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research 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 target price for the company. in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Exelon currently has an average rating of "Hold" and an average price target of $47.40.

Exelon Stock Up 0.5%

Shares of NASDAQ:EXC traded up $0.23 on Friday, reaching $42.60. The company had a trading volume of 12,634,954 shares, compared to its average volume of 7,226,520. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $43.01 billion, a PE ratio of 15.84, a PEG ratio of 2.46 and a beta of 0.40. Exelon Corporation has a 52-week low of $34.01 and a 52-week high of $48.11. The firm's 50 day simple moving average is $44.54 and its 200-day simple moving average is $42.38.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Exelon's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend was Monday, May 12th. Exelon's dividend 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.