Axa S.A. Purchases 991,287 Shares of Exelon Co. (NASDAQ:EXC)

Axa S.A. boosted its position in Exelon Co. (NASDAQ:EXC) by 247.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,391,498 shares of the company’s stock after purchasing an additional 991,287 shares during the quarter. Axa S.A. owned approximately 0.14% of Exelon worth $58,290,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Exelon in the first quarter worth about $185,000. Ossiam grew its stake in shares of Exelon by 333.8% during the first quarter. Ossiam now owns 14,466 shares of the company’s stock worth $606,000 after acquiring an additional 11,131 shares during the last quarter. Edgar Lomax Co. VA grew its stake in shares of Exelon by 17.3% during the first quarter. Edgar Lomax Co. VA now owns 976,001 shares of the company’s stock worth $40,885,000 after acquiring an additional 143,935 shares during the last quarter. Veritable L.P. grew its stake in shares of Exelon by 5.7% during the first quarter. Veritable L.P. now owns 25,087 shares of the company’s stock worth $1,051,000 after acquiring an additional 1,348 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new stake in shares of Exelon during the first quarter worth about $216,000. 81.38% of the stock is currently owned by institutional investors.

Exelon Trading Up 0.0 %

Exelon stock opened at $40.58 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59. Exelon Co. has a 12 month low of $35.19 and a 12 month high of $46.19. The stock’s 50 day simple moving average is $40.78 and its two-hundred day simple moving average is $41.07. The firm has a market cap of $40.39 billion, a PE ratio of 19.14, a P/E/G ratio of 2.74 and a beta of 0.62.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.22 billion. Exelon had a return on equity of 9.20% and a net margin of 10.66%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. Analysts anticipate that Exelon Co. will post 2.35 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Monday, August 14th. Exelon’s payout ratio is 67.92%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EXC. Morgan Stanley dropped their price target on Exelon from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 23rd. Royal Bank of Canada dropped their price target on Exelon from $47.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Wednesday. StockNews.com started coverage on Exelon in a research note on Wednesday, August 23rd. They set a “sell” rating on the stock. BMO Capital Markets dropped their target price on Exelon from $46.00 to $44.00 in a research report on Thursday, May 25th. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, July 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Exelon currently has an average rating of “Hold” and an average price target of $44.10.

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.