Exelon Co. (NASDAQ:EXC) Stake Boosted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its stake in Exelon Co. (NASDAQ:EXC) by 17.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,515 shares of the company’s stock after purchasing an additional 47,944 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Exelon were worth $11,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EXC. Dimensional Fund Advisors LP increased its stake in Exelon by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock worth $103,389,000 after purchasing an additional 200,476 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Exelon by 10.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,309 shares of the company’s stock worth $693,000 after purchasing an additional 1,901 shares in the last quarter. Norges Bank purchased a new position in Exelon in the 4th quarter worth about $382,015,000. Gladstone Institutional Advisory LLC increased its stake in Exelon by 13.5% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 7,243 shares of the company’s stock worth $260,000 after purchasing an additional 864 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Exelon by 5.6% during the 4th quarter. Wells Fargo & Company MN now owns 847,610 shares of the company’s stock valued at $30,429,000 after acquiring an additional 44,982 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of several research analyst reports. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their target price on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Morgan Stanley lifted their target price on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus target price of $39.82.

Exelon Stock Up 0.5 %

EXC opened at $40.43 on Tuesday. The business has a 50 day moving average price of $37.43 and a 200 day moving average price of $36.96. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.82. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The firm has a market cap of $40.45 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the previous year, the company earned $0.41 EPS. Research analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.76%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Exelon 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.