Tortoise Capital Advisors L.L.C. Grows Position in Exelon Co. (NASDAQ:EXC)

Tortoise Capital Advisors L.L.C. boosted its holdings in Exelon Co. (NASDAQ:EXC) by 406.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 540,968 shares of the company’s stock after acquiring an additional 434,058 shares during the quarter. Tortoise Capital Advisors L.L.C. owned about 0.06% of Exelon worth $23,662,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. increased its position in shares of Exelon by 5.9% in the first quarter. BlackRock Inc. now owns 81,724,739 shares of the company’s stock valued at $3,574,640,000 after buying an additional 4,562,881 shares in the last quarter. Capital International Investors boosted its stake in shares of Exelon by 7.9% during the first quarter. Capital International Investors now owns 50,547,042 shares of the company’s stock valued at $2,210,873,000 after acquiring an additional 3,689,373 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Exelon by 14.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,185,213 shares of the company’s stock valued at $1,101,601,000 after acquiring an additional 3,100,600 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Exelon by 12.7% during the first quarter. Bank of New York Mellon Corp now owns 16,936,563 shares of the company’s stock valued at $740,804,000 after acquiring an additional 1,906,815 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Exelon by 3.3% during the first quarter. Geode Capital Management LLC now owns 15,997,588 shares of the company’s stock valued at $697,879,000 after acquiring an additional 505,359 shares during the last quarter. Hedge funds and other institutional investors own 78.76% of the company’s stock.

In related news, CEO Michael Innocenzo sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, May 27th. The stock was sold at an average price of $44.99, for a total transaction of $719,840.00. Following the completion of the transaction, the chief executive officer now owns 56,382 shares in the company, valued at approximately $2,536,626.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

A number of analysts recently commented on EXC shares. Mizuho increased their price objective on Exelon from $38.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday, July 15th. Zacks Investment Research raised Exelon from a “sell” rating to a “hold” rating and set a $48.00 price target on the stock in a research note on Thursday. Morgan Stanley raised their price target on Exelon from $60.00 to $63.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised their price target on Exelon from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $47.75.

EXC stock traded up $0.17 during midday trading on Thursday, hitting $46.01. 114,258 shares of the company’s stock were exchanged, compared to its average volume of 3,605,038. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 1.07. Exelon Co. has a 12-month low of $33.97 and a 12-month high of $47.36. The business has a 50 day moving average of $45.35. The firm has a market capitalization of $44.96 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 5.12 and a beta of 0.44.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, May 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.42). Exelon had a return on equity of 6.44% and a net margin of 3.20%. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Exelon’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts forecast that Exelon Co. will post 2.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Friday, May 14th were issued a $0.3825 dividend. The ex-dividend date was Thursday, May 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 3.33%. Exelon’s dividend payout ratio (DPR) is 47.52%.

About Exelon

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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