Exelon Co. (NASDAQ:EXC) Shares Purchased by Tortoise Investment Management LLC

Tortoise Investment Management LLC raised its stake in Exelon Co. (NASDAQ:EXCFree Report) by 58.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705 shares of the company’s stock after acquiring an additional 631 shares during the period. Tortoise Investment Management LLC’s holdings in Exelon were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in EXC. TD Asset Management Inc grew its position in Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after purchasing an additional 23,270 shares during the last quarter. Pacer Advisors Inc. increased its position in Exelon by 85.7% in the 4th quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock valued at $6,895,000 after acquiring an additional 88,614 shares during the period. National Bank of Canada FI increased its position in Exelon by 33.9% in the 4th quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after acquiring an additional 277,635 shares during the period. Duality Advisers LP grew its stake in shares of Exelon by 225.3% in the 4th quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after purchasing an additional 84,498 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Exelon by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,879,928 shares of the company’s stock valued at $103,389,000 after purchasing an additional 200,476 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ:EXC traded up $0.13 during mid-day trading on Friday, hitting $35.54. 8,863,468 shares of the company’s stock traded hands, compared to its average volume of 6,195,411. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. The company has a market cap of $35.54 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 2.59 and a beta of 0.52. The firm’s 50 day simple moving average is $37.23 and its 200 day simple moving average is $36.57. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $43.53.

Exelon (NASDAQ:EXCGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.69 earnings per share 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 business had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Sell-side analysts expect that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.28%. Exelon’s dividend payout ratio (DPR) is 65.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Morgan Stanley raised their price objective on shares of Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. BMO Capital Markets increased their target price on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Wells Fargo & Company upped their price objective on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Scotiabank decreased their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.09.

Check Out Our Latest Stock Analysis on Exelon

About Exelon

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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