Morton Community Bank Increases Stock Position in Exelon Co. (NASDAQ:EXC)

Morton Community Bank grew its position in shares of Exelon Co. (NASDAQ:EXC) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,053 shares of the company’s stock after purchasing an additional 811 shares during the period. Morton Community Bank’s holdings in Exelon were worth $2,701,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EXC. Lazard Asset Management LLC lifted its position in Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Norges Bank bought a new position in shares of Exelon in the 4th quarter valued at about $382,015,000. Los Angeles Capital Management LLC grew its position in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after acquiring an additional 3,115,763 shares in the last quarter. Finally, Swedbank AB bought a new stake in Exelon during the first quarter worth approximately $96,859,000. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 0.6 %

Exelon stock traded down $0.22 during trading hours on Friday, hitting $38.20. The company had a trading volume of 4,624,717 shares, compared to its average volume of 6,713,558. The firm has a market cap of $38.20 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.76 and a beta of 0.53. The company has a 50-day moving average price of $36.82 and a two-hundred day moving average price of $36.80. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Monday, August 12th will be paid a dividend of $0.38 per share. The ex-dividend date is Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.98%. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Ratings Changes

A number of brokerages have recently commented on EXC. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley lifted their price objective on shares of Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Barclays increased their target price on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Finally, Wells Fargo & Company raised their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $39.82.

Exelon Company 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.