6,880 Shares in Exelon Co. (NASDAQ:EXC) Purchased by MQS Management LLC

MQS Management LLC acquired a new position in Exelon Co. (NASDAQ:EXC) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 6,880 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds also recently made changes to their positions in the business. Lazard Asset Management LLC increased its position in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Vanguard Group Inc. increased its holdings in Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after buying an additional 3,115,763 shares in the last quarter. Swedbank AB bought a new stake in shares of Exelon during the 1st quarter worth approximately $96,859,000. Finally, Wellington Management Group LLP boosted its position in shares of Exelon by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after acquiring an additional 2,352,547 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday. They issued a “buy” rating and a $46.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $40.83.

Exelon Trading Up 2.5 %

EXC opened at $40.27 on Friday. The company’s 50 day moving average price is $37.83 and its two-hundred day moving average price is $37.06. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.93 and a beta of 0.53. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, research analysts predict that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.77%. Exelon’s dividend payout ratio (DPR) is 65.52%.

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.