Exelon Co. (NASDAQ:EXC) Shares Bought by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd increased its stake in shares of Exelon Co. (NASDAQ:EXC) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,349,580 shares of the company’s stock after acquiring an additional 646,710 shares during the period. Exelon comprises about 8.7% of Maple Brown Abbott Ltd’s portfolio, making the stock its 7th largest position. Maple Brown Abbott Ltd owned about 0.24% of Exelon worth $84,350,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its stake in Exelon by 5.6% in the 1st quarter. State Street Corp now owns 62,018,881 shares of the company’s stock valued at $2,597,969,000 after buying an additional 3,271,744 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $1,232,236,000 after acquiring an additional 343,201 shares during the last quarter. Geode Capital Management LLC raised its holdings in Exelon by 1.4% during the first quarter. Geode Capital Management LLC now owns 18,515,401 shares of the company’s stock worth $773,655,000 after acquiring an additional 263,797 shares in the last quarter. Legal & General Group Plc boosted its position in Exelon by 0.6% during the third quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock valued at $477,837,000 after purchasing an additional 78,316 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Exelon by 3.5% in the third quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock valued at $440,852,000 after purchasing an additional 395,908 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays upped their price objective on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Wells Fargo & Company decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Thursday, February 22nd. Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. TheStreet cut Exelon from a “b-” rating to a “c+” rating in a report on Wednesday, February 7th. Finally, Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $39.00 in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.09.

Exelon Price Performance

Shares of EXC traded up $0.69 during midday trading on Wednesday, hitting $36.44. The company’s stock had a trading volume of 2,653,115 shares, compared to its average volume of 6,705,343. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Exelon Co. has a one year low of $33.35 and a one year high of $43.71. The stock has a market capitalization of $36.42 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 2.65 and a beta of 0.54. The company’s fifty day simple moving average is $36.25 and its two-hundred day simple moving average is $37.11.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, equities analysts expect that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, March 1st. This represents a $1.52 annualized dividend and a dividend yield of 4.17%. This is an increase from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio (DPR) is presently 65.24%.

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.