Vanguard Personalized Indexing Management LLC Has $2.48 Million Position in Exelon Co. (NASDAQ:EXC)

Vanguard Personalized Indexing Management LLC lessened its position in Exelon Co. (NASDAQ:EXC) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,764 shares of the company’s stock after selling 1,139 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Exelon were worth $2,480,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Black Diamond Financial LLC increased its position in shares of Exelon by 2.0% in the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after buying an additional 279 shares in the last quarter. Aptus Capital Advisors LLC raised its position in shares of Exelon by 3.3% during the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock worth $326,000 after purchasing an additional 304 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Exelon by 2.2% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 14,727 shares of the company’s stock valued at $553,000 after purchasing an additional 310 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Exelon by 3.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 9,381 shares of the company’s stock valued at $325,000 after purchasing an additional 312 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Exelon by 8.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 4,096 shares of the company’s stock worth $142,000 after purchasing an additional 334 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EXC shares. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday. They issued a “buy” rating and a $46.00 price target on the stock. Morgan Stanley upped their target price on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company lifted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays lifted their target price on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.83.

Exelon Stock Performance

NASDAQ EXC opened at $40.27 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The firm’s fifty day moving average price is $37.83 and its two-hundred day moving average price is $37.05. The firm has a market capitalization of $40.29 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, research analysts anticipate that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.77%. Exelon’s dividend payout ratio (DPR) is 65.52%.

Exelon 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.