National Bank of Canada FI Buys 312,042 Shares of Exelon Co. (NASDAQ:EXC)

National Bank of Canada FI lifted its holdings in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 56.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 865,225 shares of the company's stock after purchasing an additional 312,042 shares during the period. National Bank of Canada FI owned about 0.09% of Exelon worth $35,085,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXC. J.Safra Asset Management Corp bought a new position in Exelon in the second quarter worth about $28,000. American National Bank & Trust lifted its position in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company's stock valued at $28,000 after buying an additional 447 shares during the period. Abound Wealth Management boosted its holdings in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company's stock valued at $31,000 after buying an additional 744 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon in the 3rd quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Exelon in the 2nd quarter worth about $41,000. 80.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group boosted their price target on Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price on the stock. Scotiabank raised their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Finally, Barclays raised their price target on shares of 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 given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.25.

Exelon Stock Performance

Shares of EXC stock traded down $0.41 on Monday, reaching $37.44. The stock had a trading volume of 6,064,817 shares, compared to its average volume of 6,682,949. The stock has a market cap of $37.62 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The company has a 50 day simple moving average of $39.38 and a 200 day simple moving average of $37.86.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $5.85 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The firm's revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given 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 dividend yield of 4.06%. 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.