Daiwa Securities Group Inc. Increases Stock Position in Exelon Co. (NASDAQ:EXC)

Daiwa Securities Group Inc. grew its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 8.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 206,019 shares of the company's stock after purchasing an additional 16,814 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Exelon were worth $8,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BOKF NA boosted its position in shares of Exelon by 7.6% in the first quarter. BOKF NA now owns 17,722 shares of the company's stock valued at $660,000 after acquiring an additional 1,257 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Exelon by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company's stock valued at $52,249,000 after acquiring an additional 16,661 shares during the period. SVB Wealth LLC lifted its position in Exelon by 6.5% during the first quarter. SVB Wealth LLC now owns 12,542 shares of the company's stock valued at $471,000 after purchasing an additional 769 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Exelon by 10.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 22,248 shares of the company's stock valued at $841,000 after purchasing an additional 2,075 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Exelon by 97.1% during the first quarter. Tidal Investments LLC now owns 69,268 shares of the company's stock valued at $2,602,000 after purchasing an additional 34,132 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. UBS Group lifted their target price 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. Barclays lifted their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target 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. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.25.

Exelon Stock Up 0.9 %

Shares of EXC stock traded up $0.36 during mid-day trading on Tuesday, reaching $39.49. 5,591,498 shares of the company's stock traded hands, compared to its average volume of 6,738,144. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a market cap of $39.68 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.76 and a beta of 0.54. 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's 50-day moving average price is $39.61 and its 200-day moving average price is $37.84.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating 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 firm had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $5.85 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The company's quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts expect that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 yield of 3.85%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's payout ratio is 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.