Versor Investments LP Invests $1.38 Million in Exelon Co. (NASDAQ:EXC)

Versor Investments LP acquired a new position in Exelon Co. (NASDAQ:EXC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,100 shares of the company's stock, valued at approximately $1,383,000.

A number of other hedge funds also recently bought and sold shares of EXC. Envestnet Portfolio Solutions Inc. grew its position in shares of Exelon by 28.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,792 shares of the company's stock valued at $931,000 after acquiring an additional 5,483 shares during the period. NorthRock Partners LLC purchased a new position in Exelon in the first quarter valued at $248,000. US Bancorp DE boosted its stake in Exelon by 0.8% in the first quarter. US Bancorp DE now owns 168,269 shares of the company's stock valued at $6,322,000 after acquiring an additional 1,298 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Exelon by 19.3% during the first quarter. ProShare Advisors LLC now owns 1,192,190 shares of the company's stock worth $44,791,000 after buying an additional 192,519 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in Exelon by 11.3% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 104,050 shares of the company's stock valued at $3,909,000 after buying an additional 10,530 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analyst Weigh In

EXC has been the subject of a number of recent research reports. Barclays boosted their price objective 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. UBS Group upped their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd. Morgan Stanley increased their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Finally, Scotiabank increased their target price 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 issued a buy rating to the company's stock. Based on data from MarketBeat, Exelon presently has a consensus rating of "Hold" and an average price target of $41.33.

Exelon Stock Performance

Shares of EXC stock traded down $0.24 during midday trading on Tuesday, hitting $38.16. The company had a trading volume of 3,814,756 shares, compared to its average volume of 6,758,097. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42. The stock has a market cap of $38.34 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.72 and a beta of 0.54. The company's 50 day simple moving average is $39.69 and its 200 day simple moving average is $37.77. 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 (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Research analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, November 8th. Exelon's dividend payout ratio is presently 62.55%.

Exelon 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.