Invesco Ltd. Increases Stock Holdings in Exelon Corporation (NASDAQ:EXC)

Invesco Ltd. increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,802,263 shares of the company’s stock after buying an additional 83,518 shares during the quarter. Invesco Ltd. owned about 1.37% of Exelon worth $636,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. lifted its position in Exelon by 354.9% during the 1st quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock worth $8,911,000 after acquiring an additional 150,876 shares in the last quarter. Arizona State Retirement System grew its holdings in Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock worth $13,587,000 after acquiring an additional 10,176 shares in the last quarter. Cerity Partners LLC increased its holdings in Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock valued at $22,393,000 after buying an additional 63,009 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Exelon during the 1st quarter valued at approximately $6,795,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Exelon by 141.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 269,101 shares of the company’s stock worth $12,400,000 after purchasing an additional 157,548 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXC has been the topic of several recent research reports. Guggenheim raised their price target on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. 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 note on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. BMO Capital Markets upped their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, KeyCorp cut their price objective on shares of Exelon from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Exelon has a consensus rating of “Hold” and an average target price of $47.20.

Exelon Stock Down 0.5%

EXC opened at $45.32 on Friday. The business has a 50 day moving average of $43.44 and a 200-day moving average of $43.80. The stock has a market capitalization of $45.77 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.66 and a beta of 0.38. The company has a current ratio of 0.95, a quick ratio of 0.85 and a debt-to-equity ratio of 1.66. Exelon Corporation has a 1-year low of $35.94 and a 1-year high of $48.11.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, August 11th. Exelon’s dividend payout ratio is currently 60.84%.

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.