Exelon Co. (NASDAQ:EXC) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its position in Exelon Co. (NASDAQ:EXC) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,279,380 shares of the company’s stock after acquiring an additional 67,200 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.23% of Exelon worth $78,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXC. Lazard Asset Management LLC lifted its stake in Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after buying an additional 3,115,763 shares in the last quarter. Swedbank AB purchased a new position in shares of Exelon in the 1st quarter valued at $96,859,000. Finally, Wellington Management Group LLP raised its stake in Exelon by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after acquiring an additional 2,352,547 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EXC shares. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on Exelon in a research note on Thursday. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley lifted their price target on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.83.

Exelon Stock Up 2.5 %

EXC opened at $40.27 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48. The stock has a market capitalization of $40.29 billion, a P/E ratio of 17.36, a P/E/G ratio of 2.93 and a beta of 0.53. The business has a 50 day simple moving average of $37.83 and a 200-day simple moving average of $37.05.

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

Exelon Announces Dividend

The business also recently declared 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. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.77%. Exelon’s payout ratio is 65.52%.

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.