Morton Community Bank Boosts Stake in Exelon Co. (NASDAQ:EXC)

Morton Community Bank grew its stake in Exelon Co. (NASDAQ:EXC) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,053 shares of the company’s stock after acquiring an additional 811 shares during the quarter. Morton Community Bank’s holdings in Exelon were worth $2,701,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares in the last quarter. Lazard Asset Management LLC grew its stake in Exelon by 112.4% during the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares during the last quarter. Norges Bank acquired a new position in Exelon during the 4th quarter valued at about $382,015,000. Finally, Putnam Investments LLC raised its stake in Exelon by 2.9% in the fourth quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock valued at $348,639,000 after buying an additional 274,967 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXC. Morgan Stanley boosted their price target on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 23rd. Scotiabank boosted their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Wells Fargo & Company raised their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.82.

Exelon Stock Performance

Shares of NASDAQ EXC traded down $0.22 during trading on Friday, reaching $38.20. 4,624,717 shares of the company traded hands, compared to its average volume of 6,713,558. The stock has a market cap of $38.20 billion, a P/E ratio of 16.47, a PEG ratio of 2.76 and a beta of 0.53. The firm’s fifty day simple moving average is $36.82 and its 200 day simple moving average is $36.80. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $42.15.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the business earned $0.41 earnings per share. As a group, research analysts anticipate that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be given a dividend of $0.38 per share. The ex-dividend date is Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.98%. Exelon’s dividend payout ratio is presently 65.52%.

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.