ANTIPODES PARTNERS Ltd Buys Shares of 743 Exelon Corporation (NASDAQ:EXC)

ANTIPODES PARTNERS Ltd purchased a new position in Exelon Corporation (NASDAQ:EXC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 743 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EXC. Ameriflex Group Inc. acquired a new stake in Exelon during the 4th quarter valued at $25,000. Hazlett Burt & Watson Inc. grew its position in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock worth $32,000 after buying an additional 220 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Exelon during the 4th quarter valued at approximately $40,000. Redwood Park Advisors LLC acquired a new position in Exelon during the 4th quarter valued at approximately $44,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Exelon in the 1st quarter valued at approximately $50,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

EXC stock traded up $0.36 during trading on Thursday, reaching $43.85. 1,256,932 shares of the company were exchanged, compared to its average volume of 7,472,467. The company has a 50-day moving average of $43.25 and a two-hundred day moving average of $43.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.98. Exelon Corporation has a twelve month low of $35.94 and a twelve month high of $48.11. The company has a market capitalization of $44.26 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.61 and a beta of 0.39.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results 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 return on equity of 10.29% and a net margin of 11.44%. The firm had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts predict that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.65%. Exelon’s payout ratio is presently 59.48%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Evercore ISI boosted their price target on Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. Guggenheim upped their target price on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. KeyCorp lowered their price objective on Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 16th. Finally, BMO Capital Markets increased their price target on shares of Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.20.

About Exelon

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.