Erste Asset Management GmbH Takes $1.33 Million Position in Exelon Co. (NASDAQ:EXC)

Erste Asset Management GmbH bought a new stake 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 bought 32,761 shares of the company's stock, valued at approximately $1,328,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Plotkin Financial Advisors LLC bought a new position in shares of Exelon in the 3rd quarter valued at about $251,000. Captrust Financial Advisors lifted its stake in shares of Exelon by 4.2% during the 3rd quarter. Captrust Financial Advisors now owns 46,081 shares of the company's stock worth $1,869,000 after buying an additional 1,868 shares during the last quarter. Providence Wealth Advisors LLC raised its stake in Exelon by 2.2% in the 3rd quarter. Providence Wealth Advisors LLC now owns 39,378 shares of the company's stock worth $1,595,000 after purchasing an additional 833 shares in the last quarter. Northwest & Ethical Investments L.P. raised its stake in Exelon by 9.0% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 360,267 shares of the company's stock worth $14,609,000 after purchasing an additional 29,703 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its stake in Exelon by 151.0% in the 3rd quarter. Vinva Investment Management Ltd now owns 70,476 shares of the company's stock worth $2,846,000 after purchasing an additional 42,400 shares in the last quarter. Institutional investors own 80.92% of the company's stock.

Exelon Price Performance

Shares of Exelon stock traded down $0.29 during midday trading on Wednesday, hitting $37.85. 4,176,513 shares of the company traded hands, compared to its average volume of 6,692,660. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a market cap of $38.03 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 2.74 and a beta of 0.54. The firm's fifty day moving average price is $39.47 and its 200-day moving average price is $37.87.

Exelon (NASDAQ:EXC - Get Free Report) last posted its 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 firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the firm posted $0.67 EPS. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The firm 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 4.02%. The ex-dividend date is Friday, November 8th. Exelon's payout ratio is 62.55%.

Analyst Ratings Changes

Several brokerages have weighed in on EXC. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 price objective for the company. Barclays lifted their price objective 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. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Finally, Scotiabank boosted 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. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.25.

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.