Victory Capital Management Inc. Has $97.30 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Victory Capital Management Inc. increased its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,399,472 shares of the company's stock after acquiring an additional 52,357 shares during the quarter. Victory Capital Management Inc. owned about 0.24% of Exelon worth $97,299,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aptus Capital Advisors LLC grew its stake in shares of Exelon by 9.6% in the 3rd quarter. Aptus Capital Advisors LLC now owns 10,317 shares of the company's stock valued at $418,000 after buying an additional 905 shares during the period. Aigen Investment Management LP purchased a new position in shares of Exelon in the 3rd quarter worth about $494,000. Savvy Advisors Inc. grew its position in shares of Exelon by 8.4% during the 3rd quarter. Savvy Advisors Inc. now owns 9,180 shares of the company's stock valued at $372,000 after acquiring an additional 715 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Exelon by 1.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,385,715 shares of the company's stock valued at $96,741,000 after buying an additional 39,726 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Exelon by 209.5% in the 3rd quarter. GSA Capital Partners LLP now owns 25,607 shares of the company's stock valued at $1,038,000 after acquiring an additional 17,334 shares during the period. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 0.1 %

Exelon stock traded down $0.02 during midday trading on Thursday, hitting $38.12. 4,661,826 shares of the stock were exchanged, compared to its average volume of 6,745,985. The stock's 50-day simple moving average is $39.67 and its 200 day simple moving average is $37.78. The stock has a market capitalization of $38.30 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.72 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. 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 quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $5.85 billion. During the same period in the previous year, the company earned $0.67 EPS. The company's revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, November 8th. Exelon's dividend payout ratio is presently 62.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Exelon from $42.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. Barclays upped their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a "buy" rating and a $46.00 target price on the stock. Finally, Scotiabank boosted their price objective on Exelon from $37.00 to $40.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.33.

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.