Xponance Inc. Raises Holdings in Exelon Co. (NASDAQ:EXC)

Xponance Inc. boosted its position in Exelon Co. (NASDAQ:EXC) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,527 shares of the company’s stock after purchasing an additional 3,271 shares during the quarter. Xponance Inc.’s holdings in Exelon were worth $4,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Exelon in the first quarter valued at approximately $270,000. Cibc World Market Inc. grew its holdings in Exelon by 21.4% in the 1st quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock valued at $947,000 after buying an additional 3,509 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Exelon by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock worth $98,262,000 after acquiring an additional 12,105 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Exelon by 8.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock worth $219,000 after acquiring an additional 376 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Exelon by 77.9% during the 1st quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock worth $18,117,000 after acquiring an additional 166,614 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. TheStreet cut Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. Finally, Seaport Res Ptn downgraded Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.09.

Exelon Trading Up 2.4 %

Shares of EXC stock opened at $37.55 on Friday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.71. The company has a 50 day moving average price of $36.43 and a 200 day moving average price of $37.11. The stock has a market capitalization of $37.53 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 2.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Equities research analysts predict that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Exelon’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. Exelon’s payout ratio is currently 65.24%.

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.