UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 3,878,687 Shares of Exelon Co. (NASDAQ:EXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 43.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,846,030 shares of the company’s stock after acquiring an additional 3,878,687 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.28% of Exelon worth $483,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC increased its holdings in shares of Exelon by 200.2% in the fourth quarter. Voloridge Investment Management LLC now owns 464,461 shares of the company’s stock valued at $17,482,000 after purchasing an additional 309,720 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of Exelon by 74.4% in the fourth quarter. Waverly Advisors LLC now owns 9,410 shares of the company’s stock valued at $354,000 after purchasing an additional 4,013 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Exelon in the fourth quarter valued at $2,271,000. Vident Advisory LLC increased its holdings in shares of Exelon by 122.5% in the fourth quarter. Vident Advisory LLC now owns 36,910 shares of the company’s stock valued at $1,389,000 after purchasing an additional 20,322 shares during the last quarter. Finally, Wexford Capital LP increased its holdings in shares of Exelon by 506.5% in the fourth quarter. Wexford Capital LP now owns 65,217 shares of the company’s stock valued at $2,455,000 after purchasing an additional 54,464 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Guggenheim upped their price objective on shares of Exelon from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Morgan Stanley upped their price objective on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Wells Fargo & Company upped their price target on shares of Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Finally, Barclays upped their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. One equities 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 stock. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average price target of $47.30.

Exelon Trading Down 0.3%

EXC stock opened at $44.26 on Wednesday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The company’s 50-day simple moving average is $45.28 and its 200 day simple moving average is $41.64. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a market capitalization of $44.68 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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. The firm had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

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 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 3.62%. Exelon’s payout ratio is 59.48%.

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.