Neuberger Berman Group LLC Has $61.64 Million Stake in Exelon Co. (NASDAQ:EXC)

Neuberger Berman Group LLC grew its position in Exelon Co. (NASDAQ:EXCGet Rating) by 34.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,294,116 shares of the company’s stock after purchasing an additional 334,770 shares during the period. Neuberger Berman Group LLC’s holdings in Exelon were worth $61,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EXC. Wellington Management Group LLP boosted its position in shares of Exelon by 20.1% in the 1st quarter. Wellington Management Group LLP now owns 93,209,957 shares of the company’s stock worth $4,439,591,000 after purchasing an additional 15,573,269 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Exelon by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 86,862,993 shares of the company’s stock worth $4,137,284,000 after purchasing an additional 2,365,787 shares during the last quarter. BlackRock Inc. boosted its position in shares of Exelon by 2.4% in the 1st quarter. BlackRock Inc. now owns 77,171,172 shares of the company’s stock worth $3,675,664,000 after purchasing an additional 1,794,762 shares during the last quarter. Capital International Investors boosted its position in shares of Exelon by 0.8% in the 4th quarter. Capital International Investors now owns 59,795,610 shares of the company’s stock worth $3,453,694,000 after purchasing an additional 491,087 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Exelon by 1.5% in the 4th quarter. State Street Corp now owns 59,727,079 shares of the company’s stock worth $3,449,836,000 after purchasing an additional 861,513 shares during the last quarter. 82.70% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Performance

NASDAQ EXC opened at $43.21 on Monday. The company has a market capitalization of $42.37 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.68 and a beta of 0.57. Exelon Co. has a twelve month low of $33.93 and a twelve month high of $50.71. The stock has a fifty day simple moving average of $45.26 and a 200 day simple moving average of $45.13. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.53.

Exelon (NASDAQ:EXCGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.12 billion. Exelon had a net margin of 9.45% and a return on equity of 10.38%. Sell-side analysts expect that Exelon Co. will post 2.27 EPS for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 15th were given a dividend of $0.338 per share. The ex-dividend date was Friday, August 12th. This represents a $1.35 dividend on an annualized basis and a yield of 3.13%. This is a boost from Exelon’s previous quarterly dividend of $0.34. Exelon’s dividend payout ratio is 49.82%.

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Exelon from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, May 23rd. BMO Capital Markets lifted their price target on Exelon from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Wells Fargo & Company dropped their price target on Exelon from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 4th. UBS Group dropped their price target on Exelon from $54.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Finally, Argus lifted their price target on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exelon currently has an average rating of “Moderate Buy” and an average target price of $48.23.

Exelon Company Profile

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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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