Grant GrossMendelsohn LLC Acquires 1,407 Shares of Exelon Co. (NASDAQ:EXC)

Grant GrossMendelsohn LLC grew its holdings in Exelon Co. (NASDAQ:EXC) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,955 shares of the company’s stock after acquiring an additional 1,407 shares during the period. Grant GrossMendelsohn LLC’s holdings in Exelon were worth $243,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its position in Exelon by 5.6% in the first quarter. State Street Corp now owns 62,018,881 shares of the company’s stock worth $2,597,969,000 after acquiring an additional 3,271,744 shares during the period. Bank of New York Mellon Corp grew its stake 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 buying an additional 343,201 shares in the last quarter. Geode Capital Management LLC grew its stake 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 buying an additional 263,797 shares in the last quarter. Legal & General Group Plc grew its stake 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 buying an additional 78,316 shares in the last quarter. Finally, Northern Trust Corp grew its stake 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 buying 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

Several research firms have recently issued reports on EXC. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. Wells Fargo & Company decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Bank of America decreased their price objective on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Finally, Morgan Stanley lowered shares of Exelon from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $45.00 to $38.00 in a report on Monday, December 18th. 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.09.

Exelon Stock Performance

NASDAQ:EXC traded down $0.21 during trading hours on Monday, hitting $36.27. 3,752,430 shares of the company were exchanged, compared to its average volume of 6,783,234. The stock has a market capitalization of $36.25 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.66 and a beta of 0.54. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. The company’s 50 day moving average price is $36.16 and its 200-day moving average price is $37.13.

Exelon (NASDAQ:EXC) last released its earnings results 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. The company had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. Exelon’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, research analysts forecast that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.19%. This is a positive change from Exelon’s previous quarterly dividend of $0.36. Exelon’s dividend payout ratio is presently 65.24%.

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.