191,795 Shares in Exelon Co. (NASDAQ:EXC) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 191,795 shares of the company's stock, valued at approximately $7,777,000.

Other hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in Exelon in the first quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in Exelon by 646.2% in the second quarter. Versant Capital Management Inc now owns 776 shares of the company's stock valued at $27,000 after buying an additional 672 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Exelon in the second quarter valued at about $28,000. American National Bank & Trust increased its holdings in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after buying an additional 447 shares in the last quarter. Finally, Abound Wealth Management increased its stake in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company's stock worth $31,000 after purchasing an additional 744 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EXC shares. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price for the company. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. UBS Group lifted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Wells Fargo & Company lifted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on shares of Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.33.

Exelon Stock Performance

NASDAQ:EXC traded down $0.37 during mid-day trading on Wednesday, hitting $38.73. The stock had a trading volume of 5,550,962 shares, compared to its average volume of 6,750,154. The stock has a market capitalization of $38.92 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 2.79 and a beta of 0.54. The company has a 50 day simple moving average of $39.68 and a 200-day simple moving average of $37.82. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm earned $0.67 EPS. Exelon's revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Friday, November 8th. Exelon's dividend payout ratio (DPR) is currently 62.55%.

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.