Exelon Co. (NASDAQ:EXC) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its holdings in Exelon Co. (NASDAQ:EXC) by 66.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,242 shares of the company’s stock after acquiring an additional 10,902 shares during the period. First Trust Direct Indexing L.P.’s holdings in Exelon were worth $978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Antonetti Capital Management LLC lifted its position in Exelon by 98.8% during the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Addison Advisors LLC raised its stake in shares of Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. Fortis Group Advisors LLC acquired a new position in shares of Exelon during the third quarter worth $31,000. Bruce G. Allen Investments LLC purchased a new position in shares of Exelon in the fourth quarter valued at $34,000. Finally, Peoples Bank KS acquired a new stake in Exelon during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank cut their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. TheStreet lowered Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Wells Fargo & Company increased their target price on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.83.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $37.41 on Friday. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.53. The company has a current ratio of 1.03, a quick ratio of 0.73 and a debt-to-equity ratio of 1.64. The company has a market cap of $37.39 billion, a PE ratio of 16.13, a P/E/G ratio of 2.76 and a beta of 0.53. The stock has a 50 day simple moving average of $36.94 and a 200-day simple moving average of $37.03.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, equities research analysts forecast that Exelon Co. will post 2.41 EPS for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.06%. Exelon’s dividend payout ratio (DPR) 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.