Optas LLC Invests $248,000 in Exelon Co. (NASDAQ:EXC)

Optas LLC bought a new stake in shares of Exelon Co. (NASDAQ:EXC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,390 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Exelon during the fourth quarter valued at $479,597,000. Price T Rowe Associates Inc. MD grew its holdings in Exelon by 37.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,618,055 shares of the company’s stock valued at $1,039,545,000 after purchasing an additional 7,483,873 shares during the last quarter. FMR LLC raised its position in Exelon by 46.9% in the 4th quarter. FMR LLC now owns 17,306,652 shares of the company’s stock worth $651,422,000 after purchasing an additional 5,524,103 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Exelon by 43.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,846,030 shares of the company’s stock worth $483,525,000 after purchasing an additional 3,878,687 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXC. Guggenheim increased 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. UBS Group reiterated a “neutral” rating and issued a $48.00 target price (up previously from $46.00) on shares of Exelon in a research note on Monday, June 2nd. KeyCorp downgraded Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 target price for the company. in a research report on Wednesday, May 14th. Evercore ISI boosted their target price on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. Finally, BMO Capital Markets raised their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $47.40.

Exelon Stock Performance

Shares of Exelon stock opened at $43.25 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock’s fifty day moving average price is $44.78 and its 200-day moving average price is $42.24. The firm has a market cap of $43.66 billion, a P/E ratio of 17.65, a P/E/G ratio of 2.86 and a beta of 0.39. Exelon Co. has a 12 month low of $34.01 and a 12 month high of $48.11.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.30 billion. During the same quarter last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were issued 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 3.70%. Exelon’s dividend payout ratio is presently 59.48%.

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.