Exelon Corporation $EXC Shares Bought by Carret Asset Management LLC

Carret Asset Management LLC grew its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 2.5% in the 2nd quarter, Holdings Channel reports. The fund owned 10,899 shares of the company’s stock after acquiring an additional 265 shares during the period. Carret Asset Management LLC’s holdings in Exelon were worth $473,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Edgestream Partners L.P. grew its stake in shares of Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock valued at $8,911,000 after acquiring an additional 150,876 shares in the last quarter. Arizona State Retirement System grew its stake in Exelon by 3.6% in the first quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock worth $13,587,000 after purchasing an additional 10,176 shares in the last quarter. Cerity Partners LLC grew its stake in Exelon by 14.9% in the first quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock worth $22,393,000 after purchasing an additional 63,009 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Exelon in the first quarter worth about $47,789,000. Finally, Intech Investment Management LLC grew its stake in Exelon by 24.6% in the first quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock worth $2,054,000 after purchasing an additional 8,809 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Shares of EXC stock opened at $47.07 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average of $45.19 and a two-hundred day moving average of $44.57. Exelon Corporation has a 52 week low of $35.94 and a 52 week high of $48.51. The company has a market cap of $47.54 billion, a P/E ratio of 17.90, a PEG ratio of 2.93 and a beta of 0.40.

Exelon (NASDAQ:EXC) last issued its earnings results on Thursday, July 31st. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. Exelon’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, November 10th. Exelon’s payout ratio is presently 60.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Morgan Stanley boosted their price target on Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Evercore ISI began coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price target for the company. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a report on Tuesday. Finally, Jefferies Financial Group set a $57.00 price target on Exelon in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.55.

Exelon 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.