Rafferty Asset Management LLC Increases Stock Position in Exelon Co. (NASDAQ:EXC)

Rafferty Asset Management LLC increased its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 13.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 459,964 shares of the company's stock after acquiring an additional 53,289 shares during the period. Rafferty Asset Management LLC's holdings in Exelon were worth $17,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EXC. Millstone Evans Group LLC purchased a new stake in shares of Exelon in the fourth quarter worth $28,000. Stephens Consulting LLC raised 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 purchasing an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Exelon during the fourth quarter valued at approximately $30,000. Crews Bank & Trust purchased a new position in Exelon in the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC grew its stake in Exelon by 119.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after buying an additional 513 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EXC shares. Barclays lifted their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. BMO Capital Markets raised their price target on Exelon from $46.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. UBS Group upped their price objective on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Evercore ISI increased their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Finally, KeyCorp downgraded Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price for the company. in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Exelon currently has a consensus rating of "Hold" and a consensus price target of $47.30.

Exelon Trading Up 0.2%

Shares of Exelon stock traded up $0.08 during midday trading on Wednesday, reaching $44.34. 2,633,148 shares of the company's stock traded hands, compared to its average volume of 7,271,674. The stock has a 50 day moving average of $45.28 and a 200-day moving average of $41.64. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11. The company has a market cap of $44.76 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.61%. Exelon's payout ratio is 59.48%.

About Exelon

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.