CWA Asset Management Group LLC purchased a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,245 shares of the company's stock, valued at approximately $578,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lazard Asset Management LLC lifted its holdings in shares of Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company's stock valued at $1,184,483,000 after buying an additional 16,686,526 shares during the period. Vanguard Group Inc. increased its holdings in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company's stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC raised its position in shares of Exelon by 666.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company's stock worth $124,024,000 after purchasing an additional 3,115,763 shares during the period. Swedbank AB acquired a new position in shares of Exelon during the first quarter worth approximately $96,859,000. Finally, M&G Plc bought a new position in shares of Exelon in the first quarter valued at approximately $89,266,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on EXC shares. Scotiabank raised 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. Wells Fargo & Company upped their price objective 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. Jefferies Financial Group assumed 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 upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Finally, Morgan Stanley raised their price objective on Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.33.
Read Our Latest Stock Analysis on Exelon
Exelon Price Performance
EXC stock traded down $0.24 during mid-day trading on Tuesday, hitting $38.16. The company had a trading volume of 3,812,004 shares, compared to its average volume of 6,758,096. The company has a 50-day moving average price of $39.69 and a 200 day moving average price of $37.77. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $38.34 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 2.72 and a beta of 0.54. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42.
Exelon (NASDAQ:EXC - Get Free Report) last posted 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. 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 analyst estimates of $5.85 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. On average, research analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.
Exelon Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.98%. Exelon's dividend payout ratio is presently 62.55%.
About Exelon
(
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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