18,140 Shares in Exelon Co. (NASDAQ:EXC) Acquired by Quest Partners LLC

Quest Partners LLC acquired a new position in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,140 shares of the company’s stock, valued at approximately $651,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in shares of Exelon by 0.6% during the third quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock worth $477,837,000 after buying an additional 78,316 shares during the period. Northern Trust Corp raised its stake in shares of Exelon by 3.5% in the third quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock valued at $440,852,000 after acquiring an additional 395,908 shares in the last quarter. Norges Bank acquired a new stake in shares of Exelon in the fourth quarter valued at $382,015,000. Invesco Ltd. raised its stake in shares of Exelon by 12.2% in the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after acquiring an additional 1,092,736 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Exelon by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,853,617 shares of the company’s stock valued at $210,145,000 after acquiring an additional 109,263 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Down 1.6 %

EXC opened at $37.90 on Thursday. The business’s 50-day simple moving average is $37.41 and its 200-day simple moving average is $36.90. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a one year low of $33.35 and a one year high of $43.53. The stock has a market capitalization of $37.90 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 2.81 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The firm had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.70 billion. Analysts anticipate that Exelon Co. will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, May 10th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EXC shares. Barclays increased their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. 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. BMO Capital Markets raised their price target on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. TheStreet cut Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company raised their price target on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.83.

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.