Citigroup Inc. Increases Holdings in Exelon Co. (NASDAQ:EXC)

Citigroup Inc. increased its position in Exelon Co. (NASDAQ:EXC - Free Report) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,215,455 shares of the company's stock after purchasing an additional 42,944 shares during the period. Citigroup Inc. owned approximately 0.12% of Exelon worth $49,287,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EXC. Versant Capital Management Inc grew its holdings in 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 buying an additional 672 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Exelon in the 2nd quarter worth approximately $28,000. American National Bank & Trust grew its holdings in shares of Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after acquiring an additional 447 shares in the last quarter. Abound Wealth Management increased its position in shares of Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company's stock valued at $31,000 after acquiring an additional 744 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in Exelon during the third quarter worth $32,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EXC shares. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. 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. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday. Barclays increased their price objective on Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.25.

Exelon Price Performance

NASDAQ:EXC traded up $0.42 during mid-day trading on Monday, hitting $39.13. 6,965,932 shares of the stock traded hands, compared to its average volume of 6,742,965. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. 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 cap of $39.32 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.76 and a beta of 0.54. The business's 50-day moving average price is $39.64 and its 200 day moving average price is $37.83.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 earnings per share. On average, analysts expect that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's dividend payout ratio (DPR) is 62.55%.

Exelon Profile

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.