Massmutual Trust Co. FSB ADV Acquires 603 Shares of Exelon Co. (NASDAQ:EXC)

Massmutual Trust Co. FSB ADV boosted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 26.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,871 shares of the company’s stock after acquiring an additional 603 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Exelon were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Exelon in the 4th quarter valued at about $382,015,000. Wellington Management Group LLP boosted its stake in Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Exelon by 501.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock worth $86,571,000 after purchasing an additional 1,909,731 shares in the last quarter. Bank of Nova Scotia boosted its stake in Exelon by 122.0% in the 4th quarter. Bank of Nova Scotia now owns 1,424,949 shares of the company’s stock worth $51,154,000 after purchasing an additional 783,192 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Exelon by 3,481.3% in the 4th quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock worth $28,695,000 after purchasing an additional 776,997 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Down 0.5 %

Shares of NASDAQ:EXC opened at $34.78 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market capitalization of $34.78 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.55 and a beta of 0.52. The firm’s 50-day moving average is $37.00 and its two-hundred day moving average is $36.45. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The firm had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Analysts predict that Exelon Co. will post 2.42 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.37%. Exelon’s payout ratio is 65.52%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EXC. Scotiabank reduced their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company lifted their target price on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Morgan Stanley lifted their target price on shares of Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. BMO Capital Markets boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.09.

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.