Mackenzie Financial Corp Has $9.91 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Mackenzie Financial Corp lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 40.7% in the second quarter, HoldingsChannel reports. The fund owned 286,431 shares of the company’s stock after selling 196,843 shares during the period. Mackenzie Financial Corp’s holdings in Exelon were worth $9,913,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXC. Vanguard Group Inc. increased its position in shares of Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Exelon by 10.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after purchasing an additional 156,201 shares during the last quarter. Czech National Bank raised its stake in shares of Exelon by 8.8% during the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after purchasing an additional 15,389 shares in the last quarter. Sciencast Management LP acquired a new stake in shares of Exelon in the 1st quarter valued at approximately $1,461,000. Finally, Nebula Research & Development LLC bought a new position in shares of Exelon in the fourth quarter valued at $750,000. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EXC has been the topic of several analyst reports. Jefferies Financial Group started coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Scotiabank upped their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, Barclays raised their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.08.

Exelon Trading Up 0.4 %

Shares of Exelon stock opened at $40.55 on Tuesday. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The stock has a market cap of $40.57 billion, a PE ratio of 17.48, a PEG ratio of 2.89 and a beta of 0.53. The firm has a 50-day moving average of $38.33 and a 200-day moving average of $37.20. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. As a group, sell-side analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.75%. The ex-dividend date was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 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.