Payden & Rygel Investment Group Invests $192,000 in Exelon Co. (NASDAQ:EXC)

Payden & Rygel Investment Group acquired a new stake in Exelon Co. (NASDAQ:EXC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,110 shares of the company’s stock, valued at approximately $192,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in Exelon in the first quarter valued at approximately $26,000. Heritage Wealth Advisors boosted its stake in Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after acquiring an additional 495 shares during the last quarter. Register Financial Advisors LLC bought a new position in Exelon in the first quarter valued at approximately $26,000. OLD Point Trust & Financial Services N A bought a new position in Exelon in the fourth quarter valued at approximately $39,000. Finally, Venturi Wealth Management LLC boosted its stake in Exelon by 174.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,136 shares of the company’s stock valued at $41,000 after acquiring an additional 722 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Stock Performance

Shares of EXC stock traded up $0.01 during midday trading on Thursday, hitting $36.48. 7,116,886 shares of the company were exchanged, compared to its average volume of 6,873,808. The firm has a market capitalization of $36.48 billion, a P/E ratio of 15.72, a PEG ratio of 2.61 and a beta of 0.52. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 1.03. The firm’s 50 day moving average price is $35.87 and its two-hundred day moving average price is $36.19. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $43.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data 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). The business had revenue of $6.04 billion during the quarter, compared to the consensus estimate of $5.70 billion. Exelon had a net margin of 10.44% and a return on equity of 9.27%. As a group, equities research analysts anticipate that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Friday, May 10th. Exelon’s dividend payout ratio is currently 65.52%.

Analyst Ratings Changes

A number of equities analysts have issued reports on EXC shares. BMO Capital Markets raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Morgan Stanley reduced their price target on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Wells Fargo & Company lifted their price target on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, May 3rd. Barclays lifted their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Scotiabank reduced their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.09.

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.