Kovitz Investment Group Partners LLC Increases Position in Exelon Co. (NASDAQ:EXC)

Kovitz Investment Group Partners LLC increased its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 110.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,755 shares of the company's stock after purchasing an additional 31,415 shares during the period. Kovitz Investment Group Partners LLC's holdings in Exelon were worth $2,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Foundations Investment Advisors LLC boosted its stake in Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company's stock valued at $305,000 after acquiring an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company's stock worth $1,151,000 after buying an additional 274 shares during the period. Black Diamond Financial LLC lifted its stake in shares of Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company's stock worth $487,000 after buying an additional 279 shares during the period. Ballentine Partners LLC lifted its stake in shares of Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company's stock worth $565,000 after buying an additional 285 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in shares of Exelon by 3.3% during the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company's stock worth $326,000 after purchasing an additional 304 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. 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 report on Friday, November 22nd. UBS Group lifted 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. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They issued a "buy" rating and a $46.00 price objective for the company. 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. Finally, Scotiabank boosted their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.25.

Exelon Trading Down 0.3 %

NASDAQ:EXC traded down $0.12 on Tuesday, hitting $37.32. The stock had a trading volume of 5,171,618 shares, compared to its average volume of 6,676,599. 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 cap of $37.50 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.70 and a beta of 0.54. The company has a fifty day moving average price of $39.32 and a two-hundred day moving average price of $37.87. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.42.

Exelon (NASDAQ:EXC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. Equities research analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's payout ratio is currently 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.