M&G Plc Grows Stock Position in Exelon Co. (NASDAQ:EXC)

M&G Plc boosted its stake in shares of Exelon Co. (NASDAQ:EXC) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,658,100 shares of the company’s stock after acquiring an additional 309,000 shares during the quarter. M&G Plc owned 0.27% of Exelon worth $93,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EXC. Heritage Wealth Advisors boosted its holdings in shares of Exelon by 247.5% during the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after purchasing an additional 495 shares during the period. Register Financial Advisors LLC purchased a new stake in Exelon in the 1st quarter worth approximately $26,000. Crewe Advisors LLC bought a new stake in shares of Exelon in the 1st quarter worth approximately $26,000. Versant Capital Management Inc increased its stake in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares during the period. Finally, OLD Point Trust & Financial Services N A bought a new position in shares of Exelon during the fourth quarter valued at approximately $39,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.6 %

Shares of EXC traded up $0.23 during trading hours on Tuesday, hitting $37.13. The company had a trading volume of 6,332,270 shares, compared to its average volume of 6,856,324. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $42.15. The firm has a fifty day moving average price of $35.91 and a 200-day moving average price of $36.36. The stock has a market capitalization of $37.13 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 2.73 and a beta of 0.52. 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 issued its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Exelon Co. will post 2.43 EPS for the current fiscal year.

Exelon Announces Dividend

The firm 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 $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Morgan Stanley decreased their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Barclays lifted their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. 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. Finally, Wells Fargo & Company lifted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.27.

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.