52,321 Shares in Exelon Co. (NASDAQ:EXC) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Exelon Co. (NASDAQ:EXC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 52,321 shares of the company’s stock, valued at approximately $1,811,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in Exelon in the first quarter valued at about $26,000. Register Financial Advisors LLC acquired a new position in shares of Exelon in the 1st quarter valued at approximately $26,000. Versant Capital Management Inc lifted its holdings in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after acquiring an additional 672 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of Exelon during the 2nd quarter worth approximately $28,000. Finally, Abound Wealth Management increased its stake in Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after acquiring an additional 744 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Down 1.4 %

Shares of Exelon stock opened at $40.21 on Friday. The stock has a market capitalization of $40.21 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 2.92 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 debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The company’s 50 day moving average price is $38.67 and its 200-day moving average price is $37.30.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.41 EPS. Equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is 65.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EXC shares. UBS Group upped their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley increased their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $41.08.

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.