Blueshift Asset Management LLC Acquires Shares of 13,863 Exelon Co. (NASDAQ:EXC)

Blueshift Asset Management LLC purchased a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,863 shares of the company's stock, valued at approximately $562,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after acquiring an additional 1,858,502 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company's stock worth $261,402,000 after buying an additional 123,466 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company's stock worth $124,024,000 after buying an additional 3,115,763 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Exelon by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 3,438,056 shares of the company's stock worth $120,710,000 after buying an additional 15,620 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Exelon by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company's stock worth $112,364,000 after buying an additional 237,950 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXC. Scotiabank upped their price target on Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Jefferies Financial Group began coverage on Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 target price on the stock. Wells Fargo & Company increased their target price on Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, August 2nd. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Finally, Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.25.

Exelon Stock Performance

Exelon stock traded up $0.02 during trading on Thursday, reaching $39.51. The company had a trading volume of 4,226,954 shares, compared to its average volume of 6,727,228. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The firm's 50-day simple moving average is $39.60 and its 200 day simple moving average is $37.86. The firm has a market capitalization of $39.70 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. 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 posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company's revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Sell-side analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, November 8th. Exelon's dividend payout ratio (DPR) is presently 62.55%.

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.