MQS Management LLC Makes New $238,000 Investment in Exelon Co. (NASDAQ:EXC)

MQS Management LLC purchased a new position in Exelon Co. (NASDAQ:EXC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,880 shares of the company’s stock, valued at approximately $238,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the period. Wellington Management Group LLP raised its stake in shares of Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock valued at $3,343,945,000 after purchasing an additional 2,352,547 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares in the last quarter. Putnam Investments LLC boosted its position in shares of Exelon by 2.9% during the fourth quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock worth $348,639,000 after buying an additional 274,967 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Exelon by 2.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after buying an additional 113,428 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on EXC shares. Morgan Stanley boosted 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. Barclays increased their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday. 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 report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.83.

Exelon Trading Up 2.5 %

Shares of Exelon stock 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. The business has a fifty day simple moving average of $37.83 and a two-hundred day simple moving average of $37.06. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48. The company has a market capitalization of $40.29 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last announced 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. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. Research analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid 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 dividend payout ratio (DPR) is currently 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.