Blue Trust Inc. Trims Position in Exelon Corporation (NASDAQ:EXC)

Blue Trust Inc. trimmed its position in shares of Exelon Corporation (NASDAQ:EXC) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,889 shares of the company’s stock after selling 333 shares during the period. Blue Trust Inc.’s holdings in Exelon were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in EXC. Norges Bank acquired a new stake in Exelon in the 4th quarter valued at $479,597,000. Price T Rowe Associates Inc. MD increased its holdings in Exelon by 37.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares in the last quarter. FMR LLC increased its holdings in Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after purchasing an additional 5,524,103 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Exelon by 43.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock valued at $483,525,000 after purchasing an additional 3,878,687 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Exelon by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after buying an additional 3,064,673 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EXC shares. KeyCorp cut shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price target on the stock. in a research report on Wednesday, May 14th. Guggenheim raised their target price on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. BMO Capital Markets raised their target price on Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. UBS Group restated a “neutral” rating and issued a $48.00 target price (up from $46.00) on shares of Exelon in a research report on Monday, June 2nd. Finally, Evercore ISI raised their target price on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $47.40.

Exelon Trading Up 1.4%

Shares of NASDAQ:EXC opened at $43.20 on Tuesday. The firm has a fifty day moving average of $44.47 and a two-hundred day moving average of $42.42. The firm has a market capitalization of $43.61 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.46 and a beta of 0.40. Exelon Corporation has a 12-month low of $34.01 and a 12-month high of $48.11. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 11.44% and a return on equity of 10.29%. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Exelon’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts expect that Exelon Corporation will post 2.64 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 12th were issued a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.70%. Exelon’s dividend payout ratio (DPR) is presently 59.48%.

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.