Quadrature Capital Ltd bought a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 14,048 shares of the company's stock, valued at approximately $570,000.
A number of other hedge funds have also recently added to or reduced their stakes in EXC. Quantinno Capital Management LP increased its position in shares of Exelon by 51.2% in the third quarter. Quantinno Capital Management LP now owns 75,759 shares of the company's stock valued at $3,072,000 after buying an additional 25,656 shares in the last quarter. Redwood Investment Management LLC purchased a new stake in Exelon in the 3rd quarter worth $2,038,000. IHT Wealth Management LLC raised its position in Exelon by 2.2% during the third quarter. IHT Wealth Management LLC now owns 20,117 shares of the company's stock worth $816,000 after acquiring an additional 440 shares during the period. Investment Management Corp of Ontario grew its position in shares of Exelon by 48.8% in the third quarter. Investment Management Corp of Ontario now owns 33,244 shares of the company's stock valued at $1,348,000 after purchasing an additional 10,900 shares during the period. Finally, HITE Hedge Asset Management LLC grew its position in shares of Exelon by 431.3% in the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock valued at $16,051,000 after purchasing an additional 321,333 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on EXC shares. Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 price target on the stock. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Finally, Morgan Stanley reduced their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $41.25.
Get Our Latest Analysis on Exelon
Exelon Trading Down 1.1 %
EXC traded down $0.41 during trading hours on Monday, reaching $37.44. The company's stock had a trading volume of 6,064,360 shares, compared to its average volume of 6,682,947. The stock has a market cap of $37.62 billion, a PE ratio of 15.41, a P/E/G ratio of 2.70 and a beta of 0.54. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The business's 50-day moving average is $39.38 and its 200-day moving average is $37.86.
Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. As a group, equities research analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.
Exelon Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, November 8th. Exelon's dividend payout ratio (DPR) is 62.55%.
Exelon Company Profile
(
Free Report)
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.
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