Jennison Associates LLC Grows Position in Exelon Co. (NASDAQ:EXC)

Jennison Associates LLC increased its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 44.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,830,435 shares of the company's stock after purchasing an additional 558,977 shares during the quarter. Jennison Associates LLC owned 0.18% of Exelon worth $74,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Commerce Bank lifted its holdings in Exelon by 1.4% during the 3rd quarter. Commerce Bank now owns 49,290 shares of the company's stock valued at $1,999,000 after buying an additional 674 shares in the last quarter. Yardley Wealth Management LLC bought a new stake in shares of Exelon during the third quarter valued at approximately $324,000. PNC Financial Services Group Inc. grew its stake in Exelon by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 315,954 shares of the company's stock worth $12,812,000 after purchasing an additional 977 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Exelon during the 3rd quarter worth $7,777,000. Finally, Banque Cantonale Vaudoise raised its position in Exelon by 148.3% during the 3rd quarter. Banque Cantonale Vaudoise now owns 79,902 shares of the company's stock valued at $3,240,000 after purchasing an additional 47,723 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.7 %

EXC stock opened at $38.99 on Thursday. The stock has a market capitalization of $39.18 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. 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 firm has a 50 day moving average of $39.68 and a 200 day moving average of $37.82.

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 the consensus estimate of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Sell-side analysts forecast that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The company 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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Friday, November 8th. Exelon's dividend payout ratio (DPR) is 62.55%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group raised their price target on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. 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 research report on Tuesday, August 20th. Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd. Finally, Morgan Stanley lifted their price target on Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.