Optimal Asset Management Inc. lifted its position in shares of Exelon Co. (NYSE:EXC) by 47.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,873 shares of the energy giant’s stock after buying an additional 18,522 shares during the quarter. Optimal Asset Management Inc.’s holdings in Exelon were worth $2,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in shares of Exelon by 15.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,471 shares of the energy giant’s stock worth $188,000 after acquiring an additional 608 shares in the last quarter. Victory Capital Management Inc. grew its stake in Exelon by 34.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,428,117 shares of the energy giant’s stock valued at $110,698,000 after acquiring an additional 620,005 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Exelon by 367.5% in the 4th quarter. Rafferty Asset Management LLC now owns 62,233 shares of the energy giant’s stock valued at $2,837,000 after acquiring an additional 48,920 shares during the last quarter. Renaissance Investment Consultants Holding Company LLC acquired a new stake in Exelon in the 4th quarter valued at about $459,000. Finally, Firestone Capital Management acquired a new stake in Exelon in the 4th quarter valued at about $82,000. Institutional investors own 78.99% of the company’s stock.

NYSE EXC traded down $0.68 during mid-day trading on Friday, hitting $34.74. The company’s stock had a trading volume of 1,563,065 shares, compared to its average volume of 6,771,324. The firm has a market capitalization of $36.03 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. The stock’s fifty day simple moving average is $37.74 and its two-hundred day simple moving average is $41.47. Exelon Co. has a 52-week low of $29.28 and a 52-week high of $50.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77.

Exelon (NYSE:EXC) last posted its quarterly earnings data on Friday, May 8th. The energy giant reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $8.75 billion for the quarter, compared to analyst estimates of $8.82 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 earnings per share. On average, equities analysts forecast that Exelon Co. will post 3.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $0.3825 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend was Thursday, May 14th. Exelon’s payout ratio is currently 49.04%.

A number of equities research analysts recently commented on the stock. TheStreet cut shares of Exelon from a “b-” rating to a “c+” rating in a research note on Friday, April 3rd. Seaport Global Securities began coverage on shares of Exelon in a research note on Wednesday, May 20th. They set a “buy” rating and a $40.00 price target on the stock. Morgan Stanley raised their price target on shares of Exelon from $57.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Mizuho raised their price target on shares of Exelon from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, UBS Group cut their price objective on shares of Exelon from $51.00 to $48.00 and set a “buy” rating on the stock in a report on Monday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $46.64.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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