ING Groep NV Has $693,000 Stake in Exelon Co. (NASDAQ:EXC)

ING Groep NV reduced its position in Exelon Co. (NASDAQ:EXC - Free Report) by 86.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,093 shares of the company's stock after selling 109,902 shares during the quarter. ING Groep NV's holdings in Exelon were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of EXC. Lazard Asset Management LLC raised its stake in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company's stock valued at $1,184,483,000 after acquiring an additional 16,686,526 shares during the period. Los Angeles Capital Management LLC increased its stake in Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company's stock worth $124,024,000 after buying an additional 3,115,763 shares during the period. Swedbank AB purchased a new position in Exelon in the 1st quarter worth about $96,859,000. International Assets Investment Management LLC increased its stake in Exelon by 4,103.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company's stock worth $42,441,000 after buying an additional 1,021,731 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Exelon by 101.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company's stock worth $54,539,000 after acquiring an additional 678,490 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Up 0.3 %

Shares of NASDAQ:EXC traded up $0.12 during mid-day trading on Monday, hitting $39.23. 6,676,896 shares of the company traded hands, compared to its average volume of 6,755,963. The firm has a market cap of $39.42 billion, a P/E ratio of 16.09, a PEG ratio of 2.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42. The firm's 50 day simple moving average is $39.68 and its 200 day simple moving average is $37.79.

Exelon (NASDAQ:EXC - Get Free Report) last issued 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. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the business earned $0.67 EPS. The firm's revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.87%. Exelon's dividend payout ratio is currently 62.55%.

Analyst Ratings Changes

EXC has been the topic of several recent research reports. Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their price target on shares of Exelon from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. UBS Group raised their price target on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Scotiabank raised their price target on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Finally, Morgan Stanley lifted their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.