Acropolis Investment Management LLC boosted its stake in Exelon Co. (NASDAQ:EXC – Get Rating) by 6.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,801 shares of the company’s stock after buying an additional 1,334 shares during the period. Acropolis Investment Management LLC’s holdings in Exelon were worth $986,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Exelon by 2.6% in the third quarter. Vanguard Group Inc. now owns 90,274,402 shares of the company’s stock worth $3,381,678,000 after buying an additional 2,279,491 shares during the period. BlackRock Inc. boosted its holdings in shares of Exelon by 1.6% in the third quarter. BlackRock Inc. now owns 78,192,869 shares of the company’s stock worth $2,929,105,000 after buying an additional 1,256,214 shares during the period. State Street Corp boosted its holdings in shares of Exelon by 1.7% in the third quarter. State Street Corp now owns 59,559,710 shares of the company’s stock worth $2,231,107,000 after buying an additional 1,024,313 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Exelon by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock worth $1,232,236,000 after buying an additional 343,201 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Exelon by 487.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 11,930,788 shares of the company’s stock worth $446,929,000 after buying an additional 9,899,186 shares during the period. Institutional investors own 80.60% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on EXC shares. Morgan Stanley increased their price target on shares of Exelon from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Thursday, December 15th. Wells Fargo & Company reduced their price target on shares of Exelon from $47.00 to $45.00 in a research report on Wednesday, February 15th. BMO Capital Markets cut their price objective on shares of Exelon from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 15th. Finally, Credit Suisse Group raised their price objective on shares of Exelon from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, January 23rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $46.64.
Exelon Trading Down 0.0 %
Exelon (NASDAQ:EXC – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Exelon had a return on equity of 9.30% and a net margin of 11.37%. The company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts predict that Exelon Co. will post 2.36 EPS for the current year.
Exelon Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were paid a $0.36 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, February 24th. This represents a $1.44 annualized dividend and a dividend yield of 3.42%. Exelon’s dividend payout ratio (DPR) is presently 65.75%.
Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).
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