The Manufacturers Life Insurance Company Buys 91,008 Shares of Exelon Co. (NASDAQ:EXC)

The Manufacturers Life Insurance Company increased its stake in shares of Exelon Co. (NASDAQ:EXCFree Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,161,532 shares of the company’s stock after acquiring an additional 91,008 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.12% of Exelon worth $41,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of EXC. Kestra Private Wealth Services LLC increased its holdings in Exelon by 29.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 12,013 shares of the company’s stock valued at $454,000 after purchasing an additional 2,764 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Exelon by 52.3% during the third quarter. Oppenheimer & Co. Inc. now owns 34,739 shares of the company’s stock valued at $1,313,000 after buying an additional 11,932 shares during the period. Moors & Cabot Inc. raised its holdings in shares of Exelon by 4.5% during the third quarter. Moors & Cabot Inc. now owns 7,005 shares of the company’s stock valued at $265,000 after acquiring an additional 303 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Exelon by 3.0% in the third quarter. Avantax Advisory Services Inc. now owns 19,486 shares of the company’s stock worth $736,000 after acquiring an additional 568 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Exelon by 4.9% in the third quarter. Janney Montgomery Scott LLC now owns 160,986 shares of the company’s stock valued at $6,083,000 after acquiring an additional 7,480 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays raised their target price on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Wells Fargo & Company lifted their price objective on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Scotiabank decreased their target price on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets lifted their price target on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Morgan Stanley increased their price objective on Exelon from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon has an average rating of “Hold” and an average target price of $39.08.

Get Our Latest Research Report on EXC

Exelon Trading Down 1.5 %

NASDAQ:EXC opened at $36.79 on Thursday. The stock has a market cap of $36.79 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 2.72 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average price is $37.45 and its 200-day moving average price is $36.73. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53.

Exelon (NASDAQ:EXCGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $6.04 billion for the quarter, compared to analysts’ expectations of $5.70 billion. On average, equities research analysts forecast that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Friday, May 10th. Exelon’s payout ratio is presently 65.52%.

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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