State Street Corp Increases Holdings in Exelon Co. (NASDAQ:EXC)

State Street Corp boosted its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,169,219 shares of the company's stock after acquiring an additional 2,156,259 shares during the period. State Street Corp owned 5.99% of Exelon worth $2,439,862,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EXC. J.Safra Asset Management Corp acquired a new position in shares of Exelon during the second quarter worth approximately $28,000. American National Bank & Trust raised its position in shares of Exelon by 178.8% during the third 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. Abound Wealth Management raised its position in shares of Exelon by 502.7% during the second 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. Ashton Thomas Securities LLC acquired a new position in shares of Exelon during the third quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Exelon during the second quarter worth approximately $41,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a "buy" rating and a $46.00 target price on the stock. Morgan Stanley lowered their price target on Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. UBS Group increased their price target on Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Finally, Barclays increased their price target 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.25.

Exelon Stock Down 0.5 %

Shares of EXC stock traded down $0.20 during trading hours on Friday, hitting $37.78. 989,662 shares of the company's stock traded hands, compared to its average volume of 6,660,148. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock's fifty day simple moving average is $39.43 and its two-hundred day simple moving average is $37.87. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The stock has a market cap of $37.96 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 2.72 and a beta of 0.54.

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

Exelon Announces Dividend

The firm 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 $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 4.02%. Exelon's dividend payout ratio (DPR) is presently 62.55%.

About Exelon

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.