Gotham Asset Management LLC raised its position in Exelon Co. (NASDAQ:EXC - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 169,181 shares of the company's stock after buying an additional 34,669 shares during the period. Gotham Asset Management LLC's holdings in Exelon were worth $6,368,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company's stock worth $8,201,000 after purchasing an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of 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 during the last quarter. Greenup Street Wealth Management LLC acquired a new position in shares of Exelon during the 4th quarter worth approximately $2,274,000. Principal Securities Inc. boosted its holdings in shares of 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 purchasing an additional 2,160 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Exelon by 212.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company's stock worth $71,647,000 after purchasing an additional 1,293,753 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Trading Up 1.5%
Shares of NASDAQ EXC traded up $0.66 during trading on Friday, reaching $44.09. The stock had a trading volume of 7,843,028 shares, compared to its average volume of 7,282,449. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of $44.51 billion, a P/E ratio of 18.00, a PEG ratio of 2.86 and a beta of 0.43. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $48.11. The business's 50-day moving average price is $45.23 and its 200-day moving average price is $41.55.
Exelon (NASDAQ:EXC - Get Free Report) last released its 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. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a return on equity of 9.52% and a net margin of 10.68%. Exelon's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. On average, equities research analysts predict 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. Investors of record on Monday, May 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, May 12th. Exelon's payout ratio is currently 59.48%.
Analyst Ratings Changes
EXC has been the topic of several recent research reports. UBS Group boosted their target price on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Scotiabank boosted their target price on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. BMO Capital Markets boosted their target price on Exelon from $46.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Guggenheim boosted their target price on Exelon from $47.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Evercore ISI upped their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $47.30.
View Our Latest Stock Report on EXC
Exelon Company Profile
(
Free Report)
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.
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