Fifth Third Bancorp Acquires 1,649 Shares of Exelon Co. (NASDAQ:EXC)

Fifth Third Bancorp lifted its holdings in Exelon Co. (NASDAQ:EXC) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,356 shares of the company’s stock after acquiring an additional 1,649 shares during the period. Fifth Third Bancorp’s holdings in Exelon were worth $6,375,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. lifted its holdings in shares of Exelon by 10.6% in the 4th quarter. Principal Securities Inc. now owns 22,612 shares of the company’s stock valued at $851,000 after acquiring an additional 2,160 shares during the last quarter. Allianz SE bought a new position in shares of Exelon in the 4th quarter valued at about $5,953,000. Vontobel Holding Ltd. lifted its holdings in shares of Exelon by 89.1% in the 4th quarter. Vontobel Holding Ltd. now owns 11,759 shares of the company’s stock valued at $443,000 after acquiring an additional 5,539 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Exelon by 71.9% in the 4th quarter. IFP Advisors Inc now owns 3,547 shares of the company’s stock valued at $134,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Exelon by 86.7% in the fourth quarter. Schroder Investment Management Group now owns 1,576,632 shares of the company’s stock worth $59,329,000 after purchasing an additional 732,355 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EXC shares. Guggenheim raised their price objective on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their price objective on shares of Exelon from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Evercore ISI raised their price objective on shares of Exelon from $48.00 to $51.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of Exelon from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. Finally, KeyCorp downgraded shares of Exelon from a “sector weight” rating to an “underweight” rating and set a $39.00 price objective for the company. in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.40.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $43.25 on Friday. The company has a market capitalization of $43.66 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm has a 50 day moving average of $44.78 and a 200 day moving average of $42.20.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. Exelon’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, sell-side analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Monday, May 12th. Exelon’s payout ratio is presently 59.48%.

Exelon 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.