Los Angeles Capital Management LLC Sells 859,958 Shares of Exelon Co. (NASDAQ:EXC)

Los Angeles Capital Management LLC lowered its position in Exelon Co. (NASDAQ:EXC - Free Report) by 24.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,723,519 shares of the company's stock after selling 859,958 shares during the quarter. Los Angeles Capital Management LLC owned 0.27% of Exelon worth $110,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company's stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Exelon by 10.5% in the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company's stock valued at $61,830,000 after acquiring an additional 156,201 shares during the last quarter. Czech National Bank boosted its holdings in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company's stock valued at $6,594,000 after acquiring an additional 15,389 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Exelon in the first quarter valued at approximately $681,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Exelon by 3.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 1,126,655 shares of the company's stock valued at $42,328,000 after acquiring an additional 36,508 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their price target on Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Morgan Stanley increased their price target on Exelon from $42.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. Wells Fargo & Company increased their price target on Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Finally, Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Exelon has an average rating of "Hold" and an average price target of $41.33.

Exelon Stock Up 1.1 %

Exelon stock traded up $0.40 during mid-day trading on Friday, hitting $38.11. The company had a trading volume of 4,985,447 shares, compared to its average volume of 6,616,687. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The stock's 50 day moving average price is $39.69 and its two-hundred day moving average price is $37.76. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a market capitalization of $38.29 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.72 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's dividend payout ratio (DPR) is presently 62.55%.

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.