Vanguard Group Inc. Acquires 3,064,673 Shares of Exelon Co. (NASDAQ:EXC)

Vanguard Group Inc. boosted its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 127,335,351 shares of the company's stock after buying an additional 3,064,673 shares during the quarter. Vanguard Group Inc. owned 12.67% of Exelon worth $4,792,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Trust N.A. raised its holdings in shares of Exelon by 4.1% during the third quarter. Raymond James Trust N.A. now owns 21,185 shares of the company's stock valued at $859,000 after acquiring an additional 838 shares during the period. Citigroup Inc. grew its position in Exelon by 3.7% during the 3rd quarter. Citigroup Inc. now owns 1,215,455 shares of the company's stock worth $49,287,000 after purchasing an additional 42,944 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in Exelon by 4.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 23,841 shares of the company's stock valued at $966,000 after purchasing an additional 1,041 shares during the period. Cerity Partners LLC lifted its holdings in shares of Exelon by 168.9% in the third quarter. Cerity Partners LLC now owns 343,950 shares of the company's stock valued at $13,947,000 after purchasing an additional 216,034 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of Exelon by 1.7% in the third quarter. Kingsview Wealth Management LLC now owns 19,687 shares of the company's stock worth $798,000 after buying an additional 331 shares during the period. Institutional investors and hedge funds own 80.92% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on EXC shares. BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. UBS Group lifted their target price on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays increased their price target on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.13.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares of the company's stock, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.

Exelon Stock Performance

Shares of Exelon stock traded up $0.46 during trading on Friday, reaching $44.71. The company's stock had a trading volume of 8,285,209 shares, compared to its average volume of 6,806,051. Exelon Co. has a one year low of $34.01 and a one year high of $45.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The firm has a market cap of $45.14 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The business's fifty day moving average price is $42.51 and its 200-day moving average price is $40.13.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same period in the prior year, the company posted $0.60 EPS. As a group, equities research analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.58%. This is a positive change from Exelon's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon's dividend payout ratio (DPR) is currently 65.31%.

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.