Redwood Investment Management LLC Acquires New Position in Exelon Co. (NASDAQ:EXC)

Redwood Investment Management LLC purchased a new position in Exelon Co. (NASDAQ:EXC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,456 shares of the company's stock, valued at approximately $2,038,000.

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

Analyst Upgrades and Downgrades

EXC has been the topic of several recent research reports. Morgan Stanley cut their price objective on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research 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 research report on Friday, September 20th. Barclays boosted their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of Exelon in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. Finally, Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.25.

Exelon Price Performance

Shares of EXC traded up $0.13 during mid-day trading on Thursday, hitting $37.98. The company's stock had a trading volume of 4,712,272 shares, compared to its average volume of 6,684,457. The firm has a 50-day moving average price of $39.43 and a 200 day moving average price of $37.87. The stock has a market capitalization of $38.16 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 2.72 and a beta of 0.54. 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 fifty-two week low of $33.35 and a fifty-two week high of $41.42.

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. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. On average, research analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Friday, November 8th. Exelon's dividend payout ratio (DPR) 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.