Exelon Co. (NASDAQ:EXC) Shares Acquired by Lincoln National Corp

Lincoln National Corp boosted its position in Exelon Co. (NASDAQ:EXC) by 6.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 37,326 shares of the company’s stock after purchasing an additional 2,399 shares during the quarter. Lincoln National Corp’s holdings in Exelon were worth $1,340,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Antonetti Capital Management LLC lifted its stake in shares of Exelon by 98.8% in the 3rd quarter. Antonetti Capital Management LLC now owns 805 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. Addison Advisors LLC lifted its position in Exelon by 50.3% during the third quarter. Addison Advisors LLC now owns 825 shares of the company’s stock valued at $31,000 after buying an additional 276 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in Exelon during the third quarter worth approximately $31,000. Bruce G. Allen Investments LLC purchased a new stake in Exelon during the fourth quarter worth approximately $34,000. Finally, Peoples Bank KS acquired a new stake in shares of Exelon in the third quarter worth $38,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of a number of research reports. Scotiabank decreased their price target on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. BMO Capital Markets raised their target price on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company upped their price target on Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Barclays boosted their target price on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $39.00 in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $38.83.

Exelon Price Performance

Shares of NASDAQ EXC opened at $37.82 on Thursday. The business has a 50 day simple moving average of $37.02 and a 200-day simple moving average of $36.96. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.53. The company has a market capitalization of $37.82 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.44% and a return on equity of 9.27%. The business had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, equities research analysts expect that Exelon Co. will post 2.43 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, May 10th. Exelon’s payout ratio is 65.52%.

About Exelon

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.