Exelon Co. (NASDAQ:EXC) Position Increased by M&G Plc

M&G Plc lifted its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 13.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,658,100 shares of the company's stock after acquiring an additional 309,000 shares during the period. M&G Plc owned approximately 0.27% of Exelon worth $93,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of Exelon during the 1st quarter valued at about $26,000. Heritage Wealth Advisors lifted its position in Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company's stock valued at $25,000 after purchasing an additional 495 shares during the period. Register Financial Advisors LLC purchased a new stake in Exelon in the first quarter worth approximately $26,000. Versant Capital Management Inc grew its position in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company's stock worth $27,000 after purchasing an additional 672 shares during the period. Finally, OLD Point Trust & Financial Services N A purchased a new stake in Exelon during the 4th quarter valued at $39,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.6 %

EXC traded up $0.23 on Tuesday, reaching $37.13. 6,332,270 shares of the company traded hands, compared to its average volume of 6,856,324. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The company has a market cap of $37.13 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The firm has a fifty day simple moving average of $35.90 and a two-hundred day simple moving average of $36.38. Exelon Co. has a one year low of $33.35 and a one year high of $42.15.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter last year, the firm posted $0.41 earnings per share. As a group, equities research analysts expect that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Monday, August 12th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Monday, August 12th. Exelon's dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EXC. Scotiabank reduced their target price on shares of Exelon from $39.00 to $37.00 and set a "sector perform" rating for the company in a report on Monday, April 22nd. Barclays raised their target price on Exelon from $39.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, July 22nd. Morgan Stanley decreased their price objective on Exelon from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, June 24th. BMO Capital Markets increased their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company lifted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $39.27.

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.