Exelon Co. (NASDAQ:EXC) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. increased its position in shares of Exelon Co. (NASDAQ:EXC) by 14.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,173 shares of the company’s stock after purchasing an additional 3,931 shares during the period. First Trust Direct Indexing L.P.’s holdings in Exelon were worth $1,171,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Abundance Wealth Counselors boosted its position in shares of Exelon by 10.9% during the 1st quarter. Abundance Wealth Counselors now owns 20,880 shares of the company’s stock worth $784,000 after purchasing an additional 2,050 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Exelon in the first quarter valued at about $1,530,000. True Link Financial Advisors LLC purchased a new stake in Exelon during the first quarter worth about $256,000. Compton Financial Group LLC purchased a new stake in Exelon during the first quarter worth about $212,000. Finally, Diversified Trust Co grew its position in Exelon by 105.5% during the first quarter. Diversified Trust Co now owns 34,091 shares of the company’s stock worth $1,281,000 after buying an additional 17,503 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $34.73 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The company has a market cap of $34.73 billion, a PE ratio of 14.97, a P/E/G ratio of 2.53 and a beta of 0.52. The company’s fifty day simple moving average is $36.59 and its 200-day simple moving average is $36.20. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The company had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.70 billion. As a group, equities research analysts anticipate that Exelon Co. will post 2.42 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were given a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.38%. Exelon’s payout ratio is currently 65.52%.

Analysts Set New Price Targets

EXC has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Barclays raised their target price on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Scotiabank dropped their price objective on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Finally, Wells Fargo & Company increased their price objective on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.91.

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.