MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 17,186 Shares of Exelon Co. (NASDAQ:EXC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 826,550 shares of the company’s stock after acquiring an additional 17,186 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Exelon were worth $31,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton grew its position in shares of Exelon by 12.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after purchasing an additional 275 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in Exelon by 3.1% during the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after buying an additional 296 shares during the last quarter. PFG Investments LLC grew its holdings in Exelon by 2.4% during the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after buying an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Exelon by 1.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock worth $697,000 after acquiring an additional 311 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Exelon by 3.0% during the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock worth $450,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 1.5%

Shares of NASDAQ EXC opened at $42.97 on Wednesday. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $48.11. The firm has a 50-day simple moving average of $45.24 and a two-hundred day simple moving average of $41.49. The company has a market cap of $43.38 billion, a P/E ratio of 17.54, a PEG ratio of 2.86 and a beta of 0.43. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The firm had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period last year, the company earned $0.68 EPS. Exelon’s quarterly revenue was up 11.1% compared to the same quarter last year. Research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.72%. Exelon’s dividend payout ratio (DPR) is 59.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Morgan Stanley boosted their target price on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Wells Fargo & Company increased their price target on shares of Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Guggenheim boosted their price objective on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Finally, Evercore ISI upped 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.