Vanguard Personalized Indexing Management LLC Sells 1,139 Shares of Exelon Co. (NASDAQ:EXC)

Vanguard Personalized Indexing Management LLC lessened its holdings in Exelon Co. (NASDAQ:EXC) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,764 shares of the company’s stock after selling 1,139 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Exelon were worth $2,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Exelon by 13.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 36,793 shares of the company’s stock valued at $1,273,000 after purchasing an additional 4,288 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Exelon by 0.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 206,043 shares of the company’s stock valued at $7,123,000 after buying an additional 1,653 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in Exelon by 37.4% in the second quarter. Citizens Financial Group Inc. RI now owns 16,604 shares of the company’s stock valued at $575,000 after acquiring an additional 4,517 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in Exelon by 0.9% during the second quarter. Mesirow Financial Investment Management Inc. now owns 52,139 shares of the company’s stock worth $1,805,000 after acquiring an additional 451 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Exelon by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock valued at $112,364,000 after acquiring an additional 237,950 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Exelon stock opened at $40.27 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48. The company’s 50-day moving average is $37.83 and its two-hundred day moving average is $37.05. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The company has a market cap of $40.29 billion, a PE ratio of 17.36, a PEG ratio of 2.93 and a beta of 0.53.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.77%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXC shares. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday. They set a “buy” rating and a $46.00 price objective for the company. 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 report on Friday, August 2nd. Barclays raised their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon has an average rating of “Hold” and a consensus target price of $40.83.

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.