229,796 Shares in Exelon Co. (NASDAQ:EXC) Bought by DRW Securities LLC

DRW Securities LLC purchased a new stake in Exelon Co. (NASDAQ:EXC - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 229,796 shares of the company's stock, valued at approximately $9,318,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Czech National Bank raised its position in shares of Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company's stock worth $6,594,000 after acquiring an additional 15,389 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 acquiring an additional 123,466 shares in the last quarter. Andra AP fonden lifted its holdings in Exelon by 56.4% during the second quarter. Andra AP fonden now owns 138,100 shares of the company's stock valued at $4,780,000 after purchasing an additional 49,800 shares in the last quarter. Cetera Advisors LLC grew its position in shares of Exelon by 33.6% in the first quarter. Cetera Advisors LLC now owns 57,114 shares of the company's stock valued at $2,146,000 after purchasing an additional 14,366 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Exelon by 1.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company's stock worth $52,249,000 after purchasing an additional 16,661 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on Exelon in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective on the stock. Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Finally, UBS Group boosted their price target 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. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Exelon presently has a consensus rating of "Hold" and a consensus target price of $41.25.

Exelon Stock Performance

NASDAQ EXC traded up $0.42 during trading hours on Monday, hitting $39.13. 2,356,691 shares of the stock were exchanged, compared to its average volume of 6,722,750. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The stock has a 50-day moving average of $39.64 and a 200 day moving average of $37.83. The company has a market cap of $39.32 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth 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.

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. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $5.85 billion. During the same period in the prior year, the company posted $0.67 EPS. The business's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend 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.