Vaughan David Investments LLC IL Acquires 36,968 Shares of Exelon Co. (NASDAQ:EXC)

Vaughan David Investments LLC IL grew its holdings in shares of Exelon Co. (NASDAQ:EXCFree Report) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 903,819 shares of the company’s stock after buying an additional 36,968 shares during the period. Vaughan David Investments LLC IL owned approximately 0.09% of Exelon worth $32,447,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of Exelon by 5.6% during the 1st quarter. State Street Corp now owns 62,018,881 shares of the company’s stock worth $2,597,969,000 after buying an additional 3,271,744 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Exelon by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock worth $1,232,236,000 after purchasing an additional 343,201 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Exelon by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 18,515,401 shares of the company’s stock worth $773,655,000 after purchasing an additional 263,797 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Exelon by 0.6% in the 3rd quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock worth $477,837,000 after purchasing an additional 78,316 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Exelon by 3.5% in the 3rd quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock worth $440,852,000 after purchasing an additional 395,908 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut Exelon from an “overweight” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Monday, December 18th. Barclays raised their price objective on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Seaport Res Ptn cut Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, TheStreet cut Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus price target of $39.09.

View Our Latest Analysis on EXC

Exelon Stock Performance

Shares of Exelon stock traded down $0.32 during trading hours on Friday, hitting $36.48. 4,985,001 shares of the company’s stock traded hands, compared to its average volume of 6,827,891. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.71. The stock has a market capitalization of $36.46 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 2.70 and a beta of 0.54. The company has a fifty day simple moving average of $36.11 and a 200-day simple moving average of $37.19. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities research analysts anticipate that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were issued a $0.38 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.52 annualized dividend and a yield of 4.17%. This is a positive change from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio (DPR) is 65.24%.

Exelon Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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