Pacer Advisors Inc. Has $6.90 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Pacer Advisors Inc. boosted its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 85.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,063 shares of the company's stock after purchasing an additional 88,614 shares during the quarter. Pacer Advisors Inc.'s holdings in Exelon were worth $6,895,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. SVB Wealth LLC boosted its stake in Exelon by 2.9% during the 1st quarter. SVB Wealth LLC now owns 7,714 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the period. NewEdge Advisors LLC boosted its stake in Exelon by 1.4% during the 1st quarter. NewEdge Advisors LLC now owns 18,411 shares of the company's stock valued at $775,000 after purchasing an additional 248 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its stake in Exelon by 3.9% during the 1st quarter. Baltimore Washington Financial Advisors Inc. now owns 7,110 shares of the company's stock valued at $310,000 after purchasing an additional 266 shares during the period. Addison Advisors LLC boosted its stake in Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company's stock valued at $31,000 after purchasing an additional 276 shares during the period. Finally, MCF Advisors LLC boosted its stake in Exelon by 10.5% during the 3rd quarter. MCF Advisors LLC now owns 2,936 shares of the company's stock valued at $111,000 after purchasing an additional 278 shares during the period. Institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXC. Wells Fargo & Company reduced their price objective on Exelon from $41.00 to $39.00 and set an "equal weight" rating for the company in a research report on Thursday, February 22nd. JPMorgan Chase & Co. downgraded Exelon from an "overweight" rating to a "neutral" rating and set a $41.00 price objective for the company. in a research report on Monday, December 18th. Bank of America reduced their price objective on Exelon from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 19th. Mizuho upgraded Exelon from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $36.00 to $39.00 in a research report on Wednesday, January 10th. Finally, StockNews.com upgraded Exelon from a "sell" rating to a "hold" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.09.

Exelon Price Performance

EXC stock traded up $0.26 during midday trading on Thursday, reaching $37.57. 5,855,261 shares of the company's stock traded hands, compared to its average volume of 7,137,404. The company has a 50-day simple moving average of $35.62 and a two-hundred day simple moving average of $37.44. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.71. The company has a market cap of $37.55 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.67 and a beta of 0.53. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts' expectations of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business's revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. On average, analysts anticipate that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.38 dividend. This is a positive change from Exelon's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, March 1st. Exelon's dividend payout ratio (DPR) is currently 65.24%.

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.