Covestor Ltd Boosts Holdings in Exelon Co. (NASDAQ:EXC)

Covestor Ltd lifted its stake in Exelon Co. (NASDAQ:EXC) by 745.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,386 shares of the company’s stock after buying an additional 5,631 shares during the period. Covestor Ltd’s holdings in Exelon were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after acquiring an additional 156,201 shares in the last quarter. Czech National Bank lifted its stake in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after acquiring an additional 15,389 shares during the period. Acadian Asset Management LLC bought a new stake in Exelon in the first quarter valued at $681,000. Finally, State Board of Administration of Florida Retirement System increased its position in Exelon by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 1,126,655 shares of the company’s stock valued at $42,328,000 after purchasing an additional 36,508 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.1 %

Shares of Exelon stock opened at $38.11 on Friday. The company has a 50-day simple moving average of $39.69 and a two-hundred day simple moving average of $37.76. The stock has a market capitalization of $38.29 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.73 and a beta of 0.54. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42. 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) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal 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 issued 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 3.99%. Exelon’s payout ratio is 62.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EXC shares. Jefferies Financial Group started coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Scotiabank raised their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. 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 report on Friday, August 2nd. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley lifted their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and a consensus target price of $41.33.

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.