Fmr LLC Raises Stock Position in Exelon Co. (NASDAQ:EXC)

FMR LLC increased its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 18.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,782,549 shares of the company's stock after acquiring an additional 1,858,502 shares during the period. FMR LLC owned approximately 1.17% of Exelon worth $477,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. American National Bank & Trust lifted its holdings in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. Versant Capital Management Inc increased its stake in Exelon by 646.2% during the 2nd 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. Ashton Thomas Securities LLC acquired a new position in shares of Exelon during the third quarter valued at approximately $32,000. J.Safra Asset Management Corp purchased a new position in shares of Exelon in the second quarter valued at approximately $28,000. Finally, Abound Wealth Management boosted its stake in shares of Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company's stock worth $31,000 after acquiring an additional 744 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on EXC. Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Morgan Stanley reduced their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Barclays boosted their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Finally, Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set 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 assigned 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 opened at $39.56 on Friday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The stock's fifty day moving average is $39.59 and its two-hundred day moving average is $37.89. The company has a market capitalization of $39.75 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.82 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 issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm 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%. Exelon's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. Equities analysts expect that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.84%. Exelon's dividend payout ratio (DPR) is presently 62.55%.

Exelon Company 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.