E Fund Management Co. Ltd. Raises Stake in Exelon Corporation (NASDAQ:EXC)

E Fund Management Co. Ltd. boosted its position in Exelon Corporation (NASDAQ:EXC) by 97.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,180 shares of the company’s stock after buying an additional 13,891 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Exelon were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. purchased a new stake in Exelon in the fourth quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in Exelon by 46.4% in 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. ANTIPODES PARTNERS Ltd purchased a new stake in Exelon in the first quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Exelon in the first quarter worth approximately $42,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Exelon in the first quarter worth approximately $50,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of Exelon stock opened at $45.23 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The company has a market cap of $45.68 billion, a PE ratio of 17.20, a P/E/G ratio of 2.62 and a beta of 0.38. The business has a 50 day moving average of $43.53 and a 200 day moving average of $43.88. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.11.

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

Exelon Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Guggenheim upped their target price on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. BMO Capital Markets boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Wells Fargo & Company boosted their price objective on Exelon from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. UBS Group reiterated a “neutral” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Exelon in a research report on Friday, July 11th. Finally, Morgan Stanley lowered their price objective on Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.20.

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.