ProShare Advisors LLC Boosts Stake in Exelon Co. (NASDAQ:EXC)

ProShare Advisors LLC increased its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,412,224 shares of the company's stock after acquiring an additional 221,831 shares during the quarter. ProShare Advisors LLC owned about 0.14% of Exelon worth $53,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXC. Millstone Evans Group LLC acquired a new position in Exelon in the fourth quarter valued at approximately $28,000. Stephens Consulting LLC lifted its stake in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after buying an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new position in Exelon in the fourth quarter valued at approximately $30,000. Crews Bank & Trust acquired a new position in Exelon in the fourth quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC lifted its stake in Exelon by 119.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after buying an additional 513 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Morgan Stanley boosted their price target on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. BMO Capital Markets boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Scotiabank boosted their price objective on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price objective for the company. in a report on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $47.30.

Exelon Stock Performance

Shares of NASDAQ EXC traded up $0.11 during trading on Wednesday, reaching $44.37. 2,517,742 shares of the stock traded hands, compared to its average volume of 7,271,040. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a market capitalization of $44.79 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a 50-day moving average of $45.28 and a 200-day moving average of $41.64. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period last year, the company earned $0.68 EPS. Exelon's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.61%. The ex-dividend date is Monday, May 12th. Exelon's dividend payout ratio (DPR) is currently 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.