M&G Plc Buys 231,751 Shares of Exelon Co. (NASDAQ:EXC)

M&G PLC increased its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,889,851 shares of the company's stock after buying an additional 231,751 shares during the period. M&G PLC owned 0.29% of Exelon worth $118,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Crewe Advisors LLC bought a new position in Exelon in the 1st quarter valued at about $26,000. American National Bank & Trust increased its stake in 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 during the last quarter. Versant Capital Management Inc raised its position in Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company's stock valued at $27,000 after purchasing an additional 672 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Exelon during the second quarter worth $28,000. Finally, Abound Wealth Management boosted its holdings in shares of Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company's stock valued at $31,000 after purchasing an additional 744 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Trading Down 0.6 %

NASDAQ:EXC traded down $0.23 during trading hours on Thursday, hitting $38.09. 5,481,585 shares of the company were exchanged, compared to its average volume of 6,779,138. The company has a fifty day simple moving average of $39.68 and a 200 day simple moving average of $37.75. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The stock has a market capitalization of $38.27 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 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 analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. Sell-side analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.99%. 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 research firms have recently commented on EXC. Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. UBS Group boosted their target price on Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 20th. Morgan Stanley raised their price target on shares of Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $41.33.

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.