Asset Management One Co. Ltd. Has $15.55 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Asset Management One Co. Ltd. increased its position in Exelon Co. (NASDAQ:EXC - Free Report) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 383,562 shares of the company's stock after buying an additional 24,014 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Exelon were worth $15,553,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of Exelon during the 1st quarter valued at about $26,000. Versant Capital Management Inc lifted its position in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company's stock worth $27,000 after purchasing an additional 672 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Exelon in the second quarter valued at $28,000. American National Bank & Trust increased its stake in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company's stock worth $28,000 after buying an additional 447 shares during the period. Finally, Abound Wealth Management lifted its holdings in Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company's stock worth $31,000 after buying an additional 744 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Up 0.1 %

NASDAQ:EXC traded up $0.02 during trading hours on Wednesday, reaching $38.49. The company's stock had a trading volume of 3,816,742 shares, compared to its average volume of 6,749,912. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The business's 50-day moving average is $39.66 and its 200-day moving average is $37.74. 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 company has a market cap of $38.68 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly 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. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share. Equities research analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXC shares. Morgan Stanley upped their target price on Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Barclays raised their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Scotiabank upped their target price on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Finally, Jefferies Financial Group began coverage on Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price objective on the stock. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.33.

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.