Jacobs Levy Equity Management Inc. Has $59.42 Million Holdings in Exelon Co. (NASDAQ:EXC)

Jacobs Levy Equity Management Inc. cut its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 66.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,465,237 shares of the company's stock after selling 2,871,284 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.15% of Exelon worth $59,415,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EXC. HITE Hedge Asset Management LLC raised its position in Exelon by 431.3% during the third quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock valued at $16,051,000 after purchasing an additional 321,333 shares in the last quarter. HighTower Advisors LLC raised its position in Exelon by 2.9% during the third quarter. HighTower Advisors LLC now owns 253,792 shares of the company's stock valued at $10,276,000 after purchasing an additional 7,213 shares in the last quarter. Holocene Advisors LP raised its position in Exelon by 465.2% during the third quarter. Holocene Advisors LP now owns 214,382 shares of the company's stock valued at $8,693,000 after purchasing an additional 176,450 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Exelon by 18.5% during the third quarter. Benjamin Edwards Inc. now owns 17,581 shares of the company's stock worth $714,000 after buying an additional 2,741 shares in the last quarter. Finally, Paloma Partners Management Co increased its holdings in shares of Exelon by 269.9% during the third quarter. Paloma Partners Management Co now owns 34,263 shares of the company's stock worth $1,389,000 after buying an additional 25,001 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EXC shares. Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target for the company. Morgan Stanley lowered 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. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Finally, Scotiabank upped their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $41.25.

Exelon Trading Down 0.7 %

EXC traded down $0.25 during trading on Wednesday, reaching $37.89. 1,573,139 shares of the stock traded hands, compared to its average volume of 6,681,483. 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 stock has a market capitalization of $38.07 billion, a PE ratio of 15.70, a P/E/G ratio of 2.74 and a beta of 0.54. The stock's 50-day moving average is $39.51 and its 200 day moving average is $37.87. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42.

Exelon (NASDAQ:EXC - Get Free Report) last released 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 analysts' expectations of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business's revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Equities analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The business 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. 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 4.01%. 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.