Jacobs Levy Equity Management Inc. Has $34.85 Million Stake in Exelon Co. (NASDAQ:EXC)

Jacobs Levy Equity Management Inc. trimmed its holdings in Exelon Co. (NASDAQ:EXC) by 36.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 925,893 shares of the company’s stock after selling 539,344 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Exelon were worth $34,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after buying an additional 3,064,673 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Exelon by 37.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after buying an additional 7,483,873 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Exelon by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 26,314,296 shares of the company’s stock valued at $988,080,000 after buying an additional 368,505 shares in the last quarter. FMR LLC increased its stake in Exelon by 46.9% in the fourth quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after acquiring an additional 5,524,103 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Exelon by 11.1% in the fourth quarter. Deutsche Bank AG now owns 17,089,308 shares of the company’s stock valued at $643,242,000 after acquiring an additional 1,706,184 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

EXC stock opened at $45.21 on Monday. The firm has a market cap of $45.64 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 2.86 and a beta of 0.43. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $48.11. The company’s fifty day simple moving average is $45.23 and its 200 day simple moving average is $41.45.

Exelon (NASDAQ:EXC) last posted its quarterly 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. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. On average, analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a yield of 3.54%. Exelon’s dividend payout ratio (DPR) is currently 59.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXC. Morgan Stanley lifted their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. UBS Group lifted their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Evercore ISI raised their target price on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. Finally, Guggenheim raised their target price on shares of Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $48.22.

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.