Federated Hermes Inc. Purchases 11,098 Shares of Exelon Co. (NASDAQ:EXC)

Federated Hermes Inc. raised its holdings in Exelon Co. (NASDAQ:EXC) by 192.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,856 shares of the company’s stock after buying an additional 11,098 shares during the quarter. Federated Hermes Inc.’s holdings in Exelon were worth $583,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Meeder Advisory Services Inc. lifted its holdings in shares of Exelon by 15.1% in the second quarter. Meeder Advisory Services Inc. now owns 21,217 shares of the company’s stock valued at $734,000 after purchasing an additional 2,788 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Exelon by 17.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 319,515 shares of the company’s stock worth $11,046,000 after acquiring an additional 47,944 shares during the period. Johnson Investment Counsel Inc. raised its position in shares of Exelon by 3.4% in the second quarter. Johnson Investment Counsel Inc. now owns 9,381 shares of the company’s stock worth $325,000 after buying an additional 312 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Exelon during the 2nd quarter valued at about $93,000. Finally, Vaughan David Investments LLC IL raised its stake in Exelon by 1.5% in the second quarter. Vaughan David Investments LLC IL now owns 924,588 shares of the company’s stock valued at $32,000,000 after purchasing an additional 13,553 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $40.40 on Tuesday. The company has a 50-day moving average price of $37.93 and a 200-day moving average price of $37.08. The firm has a market capitalization of $40.40 billion, a P/E ratio of 17.41, a PEG ratio of 2.93 and a beta of 0.53. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.

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

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EXC. Wells Fargo & Company lifted their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Barclays raised their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. UBS Group boosted their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Morgan Stanley increased their price objective on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Exelon presently has a consensus rating of “Hold” and an average target price of $40.83.

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.