Natixis Advisors LLC lifted its stake in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 34.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 502,454 shares of the company's stock after acquiring an additional 127,493 shares during the period. Natixis Advisors LLC owned approximately 0.05% of Exelon worth $20,375,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. Empowered Funds LLC boosted its stake in Exelon by 8.8% in the third quarter. Empowered Funds LLC now owns 16,980 shares of the company's stock worth $689,000 after buying an additional 1,367 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Exelon by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 34,193 shares of the company's stock valued at $1,387,000 after purchasing an additional 741 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Exelon by 5.8% during the 3rd quarter. CIBC Asset Management Inc now owns 310,238 shares of the company's stock valued at $12,580,000 after purchasing an additional 17,135 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Exelon by 10.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company's stock valued at $282,000 after purchasing an additional 638 shares during the last quarter. Finally, Metis Global Partners LLC grew its holdings in shares of Exelon by 12.5% during the 3rd quarter. Metis Global Partners LLC now owns 85,400 shares of the company's stock valued at $3,463,000 after purchasing an additional 9,469 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently commented on EXC shares. Scotiabank increased their target price on shares of Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Morgan Stanley increased their target price on shares of Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday, September 19th. They set a "buy" rating and a $46.00 target price on the stock. UBS Group increased their target price on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, September 20th. Finally, Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.33.
Read Our Latest Analysis on EXC
Exelon Price Performance
Shares of Exelon stock traded down $0.16 during trading hours on Tuesday, reaching $39.07. The company's stock had a trading volume of 1,984,728 shares, compared to its average volume of 6,737,271. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The firm has a 50 day moving average price of $39.69 and a 200-day moving average price of $37.80. The stock has a market cap of $39.26 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.79 and a beta of 0.54.
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 the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the company earned $0.67 earnings per share. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts predict that Exelon Co. will post 2.45 EPS for the current year.
Exelon Announces Dividend
The business 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 3.89%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's payout ratio is currently 62.55%.
Exelon Profile
(
Free Report)
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.
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