Putnam Investments LLC Purchases 274,967 Shares of Exelon Co. (NASDAQ:EXC)

Putnam Investments LLC lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,711,396 shares of the company’s stock after buying an additional 274,967 shares during the quarter. Putnam Investments LLC’s holdings in Exelon were worth $348,639,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. TD Asset Management Inc boosted its stake in shares of Exelon by 2.3% in the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after buying an additional 23,270 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Exelon by 85.7% during the 4th quarter. Pacer Advisors Inc. now owns 192,063 shares of the company’s stock worth $6,895,000 after purchasing an additional 88,614 shares in the last quarter. National Bank of Canada FI increased its position in shares of Exelon by 33.9% in the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock worth $39,968,000 after purchasing an additional 277,635 shares during the period. Duality Advisers LP raised its stake in Exelon by 225.3% in the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after purchasing an additional 84,498 shares in the last quarter. Finally, Raymond James & Associates lifted its position in Exelon by 24.4% during the fourth quarter. Raymond James & Associates now owns 464,064 shares of the company’s stock worth $16,660,000 after purchasing an additional 91,088 shares during the period. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the topic of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Barclays boosted their price objective on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Scotiabank decreased their price target on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets upped their price objective on Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, StockNews.com upgraded Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.09.

Exelon Trading Up 0.4 %

NASDAQ EXC traded up $0.14 on Tuesday, hitting $36.35. The company’s stock had a trading volume of 3,032,875 shares, compared to its average volume of 6,474,370. The firm has a market cap of $36.35 billion, a PE ratio of 15.61, a PEG ratio of 2.64 and a beta of 0.52. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53. The company’s 50-day moving average is $37.38 and its 200 day moving average is $36.66. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The firm had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.70 billion. As a group, analysts predict that Exelon Co. will post 2.43 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.18%. Exelon’s payout ratio is currently 65.52%.

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.