CIBC Asset Management Inc Has $12.58 Million Stock Position in Exelon Co. (NASDAQ:EXC)

CIBC Asset Management Inc increased its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,238 shares of the company's stock after purchasing an additional 17,135 shares during the period. CIBC Asset Management Inc's holdings in Exelon were worth $12,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Foundations Investment Advisors LLC increased its position in shares of Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company's stock worth $305,000 after purchasing an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company's stock worth $1,151,000 after buying an additional 274 shares in the last quarter. Black Diamond Financial LLC increased its holdings in shares of Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company's stock worth $487,000 after buying an additional 279 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Exelon by 2.1% in the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company's stock valued at $565,000 after acquiring an additional 285 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in shares of Exelon by 3.3% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company's stock worth $326,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on EXC shares. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They issued a "buy" rating and a $46.00 price objective for the company. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Morgan Stanley increased their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. Finally, Scotiabank upped their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have issued 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 Trading Up 2.6 %

Shares of Exelon stock traded up $0.99 on Friday, hitting $39.11. 9,038,601 shares of the company's stock traded hands, compared to its average volume of 6,379,749. Exelon Co. has a one year low of $33.35 and a one year 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 stock has a market capitalization of $39.30 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The firm's 50-day moving average price is $39.68 and its two-hundred day moving average price is $37.79.

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

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's payout ratio is presently 62.55%.

Exelon Company 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.