Burney Co. Acquires 8,928 Shares of Exelon Co. (NASDAQ:EXC)

Burney Co. increased its position in Exelon Co. (NASDAQ:EXC - Free Report) by 35.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,176 shares of the company's stock after buying an additional 8,928 shares during the quarter. Burney Co.'s holdings in Exelon were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares in the last quarter. Geode Capital Management LLC lifted its stake in Exelon by 1.6% in the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company's stock worth $1,048,823,000 after purchasing an additional 403,542 shares during the last quarter. FMR LLC boosted its position in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company's stock valued at $477,782,000 after buying an additional 1,858,502 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Exelon by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company's stock valued at $363,626,000 after buying an additional 160,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock worth $261,402,000 after buying an additional 123,466 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EXC shares. Morgan Stanley reduced their price target on Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Scotiabank raised their target price on shares of Exelon from $40.00 to $42.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. UBS Group raised their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $42.38.

Exelon Trading Up 0.2 %

Shares of NASDAQ:EXC traded up $0.08 on Friday, hitting $39.42. The company had a trading volume of 6,140,499 shares, compared to its average volume of 5,837,082. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm's 50-day simple moving average is $37.98 and its two-hundred day simple moving average is $38.15. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.48 and a beta of 0.55.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business posted $0.67 earnings per share. Exelon's quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Exelon's dividend payout ratio (DPR) is 62.55%.

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.