Mackenzie Financial Corp Has $19.79 Million Position in Exelon Co. (NASDAQ:EXC)

Mackenzie Financial Corp reduced its stake in shares of Exelon Co. (NASDAQ:EXC) by 32.1% during the 4th quarter, HoldingsChannel reports. The fund owned 551,175 shares of the company’s stock after selling 260,669 shares during the period. Mackenzie Financial Corp’s holdings in Exelon were worth $19,787,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Antonetti Capital Management LLC raised its position in Exelon by 98.8% during the third quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Exelon by 50.3% during the 3rd quarter. Addison Advisors LLC now owns 825 shares of the company’s stock worth $31,000 after purchasing an additional 276 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Exelon in the 3rd quarter valued at $31,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Exelon in the 4th quarter valued at $34,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Exelon by 263.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 844 shares of the company’s stock valued at $36,000 after purchasing an additional 612 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Seaport Res Ptn cut Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Bank of America reduced their target price on Exelon from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Mizuho upgraded Exelon from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. Wells Fargo & Company dropped their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Finally, Barclays upped their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $39.09.

Exelon Stock Performance

NASDAQ:EXC opened at $36.68 on Friday. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.71. The company has a market cap of $36.66 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.66 and a beta of 0.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The firm’s 50-day moving average is $36.35 and its 200-day moving average is $37.10.

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

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.14%. This is a positive change from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. Exelon’s dividend payout ratio (DPR) 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.