Azimuth Capital Investment Management LLC Has $487,000 Stock Position in Exelon Co. (NASDAQ:EXC)

Azimuth Capital Investment Management LLC grew its stake in shares of Exelon Co. (NASDAQ:EXCFree Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,556 shares of the company’s stock after acquiring an additional 2,465 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Exelon were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc increased its position in Exelon by 2.3% during the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after acquiring an additional 23,270 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Exelon by 85.7% during the fourth quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after purchasing an additional 88,614 shares during the period. National Bank of Canada FI raised its position in shares of Exelon by 33.9% in the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after buying an additional 277,635 shares in the last quarter. Duality Advisers LP boosted its stake in shares of Exelon by 225.3% in the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after buying an additional 84,498 shares during the period. Finally, Raymond James & Associates grew its position in Exelon by 24.4% during the fourth quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock worth $16,660,000 after buying an additional 91,088 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ:EXC traded down $0.35 during trading on Friday, hitting $36.17. 3,199,488 shares of the company were exchanged, compared to its average volume of 6,022,281. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53. The company has a market capitalization of $36.17 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $37.40 and its 200-day moving average is $36.70.

Exelon (NASDAQ:EXCGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. Equities analysts forecast that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Friday, May 10th. Exelon’s payout ratio is 65.52%.

Analysts Set New Price Targets

EXC has been the subject of several analyst reports. Scotiabank dropped their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Barclays boosted their price target on Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. BMO Capital Markets increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Morgan Stanley raised their target price on shares of Exelon from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, Wells Fargo & Company upped their price target on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Exelon has an average rating of “Hold” and an average target price of $39.09.

Get Our Latest Stock Report on EXC

About Exelon

(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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