Geode Capital Management LLC Increases Holdings in Exelon Co. (NASDAQ:EXC)

Geode Capital Management LLC lifted its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,945,791 shares of the company's stock after purchasing an additional 403,542 shares during the quarter. Geode Capital Management LLC owned about 2.58% of Exelon worth $1,048,823,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American National Bank & Trust increased its stake in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company's stock worth $28,000 after acquiring an additional 447 shares during the period. Ashton Thomas Securities LLC acquired a new position in Exelon during the third quarter worth $32,000. J.Safra Asset Management Corp acquired a new position in Exelon during the second quarter worth $28,000. Abound Wealth Management raised its position in 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 in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Exelon in the second quarter valued at $41,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Trading Down 1.5 %

EXC traded down $0.56 during midday trading on Wednesday, hitting $36.76. The company's stock had a trading volume of 6,683,815 shares, compared to its average volume of 6,674,878. The firm has a 50-day moving average price of $39.25 and a two-hundred day moving average price of $37.87. 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 Co. has a 52-week low of $33.35 and a 52-week high of $41.42. The firm has a market cap of $36.94 billion, a P/E ratio of 15.36, a PEG ratio of 2.70 and a beta of 0.54.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share 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%. Exelon's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS. On average, research analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current 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 issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.13%. Exelon's dividend payout ratio (DPR) is 62.55%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXC shares. Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Scotiabank lifted their price target 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. Jefferies Financial Group assumed coverage on Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 price objective for the company. Barclays boosted their target price on Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Finally, 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. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Exelon currently has an average rating of "Hold" and a consensus target price of $41.25.

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.