Nisa Investment Advisors LLC Boosts Stock Position in Exelon Co. (NASDAQ:EXC)

Nisa Investment Advisors LLC increased its position in Exelon Co. (NASDAQ:EXC - Free Report) by 46.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,545 shares of the company's stock after acquiring an additional 70,412 shares during the quarter. Nisa Investment Advisors LLC's holdings in Exelon were worth $8,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. Crewe Advisors LLC purchased a new stake in Exelon in the 1st quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company's stock worth $27,000 after purchasing an additional 672 shares during the period. J.Safra Asset Management Corp bought a new position in Exelon in the 2nd quarter worth approximately $28,000. American National Bank & Trust boosted its stake in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company's stock worth $28,000 after purchasing an additional 447 shares during the period. Finally, Abound Wealth Management boosted its stake in Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company's stock worth $31,000 after purchasing an additional 744 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on EXC. Wells Fargo & Company upped their price target on Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. UBS Group increased their target price on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Morgan Stanley increased their target price on Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Scotiabank increased their target price on Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Finally, Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.33.

Exelon Trading Down 1.0 %

EXC stock traded down $0.40 during midday trading on Thursday, reaching $39.30. The company's stock had a trading volume of 9,240,395 shares, compared to its average volume of 6,765,575. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a fifty day simple moving average of $39.65 and a two-hundred day simple moving average of $37.70. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48. The firm has a market capitalization of $39.32 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 2.90 and a beta of 0.53.

Exelon (NASDAQ:EXC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The business's revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

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