Intech Investment Management LLC Raises Stake in Exelon Co. (NASDAQ:EXC)

Intech Investment Management LLC grew its stake in shares of Exelon Co. (NASDAQ:EXC) by 7.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 43,490 shares of the company’s stock after acquiring an additional 2,846 shares during the period. Intech Investment Management LLC’s holdings in Exelon were worth $1,634,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. 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 purchasing an additional 2,352,547 shares in the last quarter. Norges Bank purchased a new stake in shares of Exelon during the 4th quarter worth $382,015,000. Putnam Investments LLC boosted its position in shares of Exelon by 2.9% during the 4th quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock worth $348,639,000 after purchasing an additional 274,967 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Exelon by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,853,617 shares of the company’s stock worth $210,145,000 after purchasing an additional 109,263 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Exelon by 11.9% during the 4th quarter. First Trust Advisors LP now owns 3,096,839 shares of the company’s stock worth $111,177,000 after purchasing an additional 328,785 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Down 0.3 %

NASDAQ:EXC traded down $0.11 on Friday, reaching $36.13. The stock had a trading volume of 4,532,694 shares, compared to its average volume of 7,712,111. The company has a market cap of $36.13 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 2.64 and a beta of 0.52. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The firm’s fifty day moving average is $36.05 and its two-hundred day moving average is $36.19. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.53.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The firm had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Equities analysts expect that Exelon Co. will post 2.42 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, May 13th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, May 10th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXC shares. BMO Capital Markets boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Wells Fargo & Company boosted their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Scotiabank decreased their price objective 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. Morgan Stanley decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Finally, StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus target price of $38.91.

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.