Y Intercept Hong Kong Ltd Takes $1.75 Million Position in Exelon Co. (NASDAQ:EXC)

Y Intercept Hong Kong Ltd bought a new stake in Exelon Co. (NASDAQ:EXC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,097 shares of the company's stock, valued at approximately $1,748,000.

Several other hedge funds also recently modified their holdings of the stock. Los Angeles Capital Management LLC lifted its position in shares of Exelon by 666.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company's stock worth $124,024,000 after buying an additional 3,115,763 shares in the last quarter. State Street Corp increased its position in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after acquiring an additional 2,156,259 shares during the last quarter. FMR LLC lifted its holdings in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after acquiring an additional 1,858,502 shares during the period. International Assets Investment Management LLC boosted its position in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company's stock worth $42,441,000 after purchasing an additional 1,021,731 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Exelon by 101.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company's stock valued at $54,539,000 after purchasing an additional 678,490 shares during the period. Hedge funds and other institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXC. Scotiabank upped 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. Barclays increased 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. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They set a "buy" rating and a $46.00 price target on the stock. 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 note on Friday, September 20th. Finally, Morgan Stanley dropped their target price on Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Eleven research 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 Stock Down 1.5 %

EXC stock traded down $0.56 during midday trading on Wednesday, hitting $36.76. The company's stock had a trading volume of 6,683,815 shares, compared to its average volume of 6,674,878. The company has a market cap of $36.94 billion, a PE ratio of 15.36, a P/E/G ratio of 2.70 and a beta of 0.54. The firm's 50-day moving average is $39.25 and its 200-day moving average is $37.87. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. 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 (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, beating 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 firm 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 earnings per share. The firm's quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

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. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 4.13%. Exelon's dividend payout ratio is currently 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.