Illinois Municipal Retirement Fund increased its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 118.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 315,298 shares of the company's stock after purchasing an additional 170,941 shares during the period. Illinois Municipal Retirement Fund's holdings in Exelon were worth $11,319,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in shares of Exelon by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 21,676,744 shares of the company's stock worth $819,164,000 after buying an additional 286,435 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Exelon by 0.6% in the 3rd quarter. Legal & General Group Plc now owns 12,644,485 shares of the company's stock valued at $477,837,000 after purchasing an additional 78,316 shares during the period. Northern Trust Corp raised its holdings in shares of Exelon by 3.5% in the 3rd quarter. Northern Trust Corp now owns 11,665,829 shares of the company's stock valued at $440,852,000 after purchasing an additional 395,908 shares during the period. Invesco Ltd. raised its holdings in shares of Exelon by 12.2% in the 3rd quarter. Invesco Ltd. now owns 10,069,810 shares of the company's stock valued at $380,538,000 after purchasing an additional 1,092,736 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Exelon by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,744,354 shares of the company's stock valued at $217,079,000 after purchasing an additional 103,479 shares during the period. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Stock Performance
Shares of NASDAQ:EXC traded down $0.11 on Tuesday, reaching $37.56. 5,699,273 shares of the company's stock were exchanged, compared to its average volume of 6,657,261. The company has a fifty day moving average of $36.49 and a 200-day moving average of $37.11. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.71. The company has a market capitalization of $37.54 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.74 and a beta of 0.54. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56.
Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The business's revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. On average, research analysts predict that Exelon Co. will post 2.41 EPS for the current fiscal year.
Exelon Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.38 per share. This is a positive change from Exelon's previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.05%. Exelon's dividend payout ratio (DPR) is currently 65.24%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on EXC shares. Scotiabank dropped their target price on shares of Exelon from $39.00 to $37.00 and set a "sector perform" rating on the stock in a report on Monday. Seaport Res Ptn cut shares of Exelon from a "buy" rating to a "neutral" rating in a report on Monday, January 8th. Bank of America dropped their target price on shares of Exelon from $38.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 19th. Wells Fargo & Company lowered their price target on shares of Exelon from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Thursday, February 22nd. Finally, Barclays increased their price target on shares of Exelon from $36.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $38.92.
Get Our Latest Report on EXC
About Exelon
(
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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