Lantz Financial LLC Buys 1,362 Shares of Exelon Co. (NASDAQ:EXC)

Lantz Financial LLC increased its stake in Exelon Co. (NASDAQ:EXCFree Report) by 11.7% during the 4th quarter, Holdings Channel reports. The firm owned 12,974 shares of the company’s stock after purchasing an additional 1,362 shares during the quarter. Lantz Financial LLC’s holdings in Exelon were worth $466,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EXC. State Street Corp raised its holdings in Exelon by 1.4% in the second quarter. State Street Corp now owns 62,856,389 shares of the company’s stock worth $2,560,769,000 after purchasing an additional 837,508 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Exelon by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock worth $1,232,236,000 after purchasing an additional 343,201 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Exelon by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 18,931,213 shares of the company’s stock valued at $769,004,000 after buying an additional 415,812 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Exelon by 133.2% during the 2nd quarter. Lazard Asset Management LLC now owns 17,371,666 shares of the company’s stock valued at $707,721,000 after buying an additional 9,923,059 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Exelon by 0.6% during the 3rd quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock valued at $477,837,000 after buying an additional 78,316 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Exelon Price Performance

Shares of NASDAQ EXC opened at $36.70 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The company has a market cap of $36.68 billion, a PE ratio of 15.75, a P/E/G ratio of 2.70 and a beta of 0.53. The business has a 50-day simple moving average of $35.49 and a two-hundred day simple moving average of $37.54. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $43.71.

Exelon (NASDAQ:EXCGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The company’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.41 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.14%. This is a boost from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. Exelon’s dividend payout ratio (DPR) is presently 65.24%.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent analyst reports. Royal Bank of Canada dropped their price target on Exelon from $45.00 to $38.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 19th. UBS Group lowered Exelon from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $47.00 to $37.00 in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. lowered Exelon from an “overweight” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Monday, December 18th. Morgan Stanley downgraded Exelon from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $45.00 to $38.00 in a research report on Monday, December 18th. Finally, Barclays increased their price target on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and a consensus target price of $39.09.

View Our Latest Stock Report on Exelon

Exelon Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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