Toronto Dominion Bank Buys 97,468 Shares of Exelon Co. (NASDAQ:EXC)

Toronto Dominion Bank lifted its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 19.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 607,190 shares of the company's stock after buying an additional 97,468 shares during the period. Toronto Dominion Bank owned about 0.06% of Exelon worth $24,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. American National Bank & Trust increased its holdings 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 buying an additional 447 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon during the 3rd quarter worth approximately $32,000. Abound Wealth Management increased its holdings in 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 purchasing an additional 744 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Exelon in the 2nd quarter valued at $41,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Exelon in the second quarter worth $57,000. Institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Exelon in a research note on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price for the company. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Barclays upped their target price 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. Scotiabank raised their price target on shares of Exelon from $40.00 to $42.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, UBS Group upped their price objective on Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $41.42.

Exelon Trading Up 0.1 %

EXC traded up $0.04 during midday trading on Friday, reaching $36.87. 7,873,146 shares of the company were exchanged, compared to its average volume of 6,680,601. The stock has a market capitalization of $37.05 billion, a P/E ratio of 15.17, a PEG ratio of 2.62 and a beta of 0.54. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The stock's 50-day simple moving average is $39.02 and its 200 day simple moving average is $37.86. 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 (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data 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 net margin of 10.60% and a return on equity of 9.47%. 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 earned $0.67 EPS. Exelon's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Friday, November 8th. Exelon's dividend payout ratio is currently 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.