Fmr LLC Increases Position in Exelon Co. (NASDAQ:EXC)

Fmr LLC grew its position in shares of Exelon Co. (NASDAQ:EXC) by 18.7% during the third quarter, Holdings Channel reports. The firm owned 11,782,549 shares of the company’s stock after acquiring an additional 1,858,502 shares during the quarter. Fmr LLC’s holdings in Exelon were worth $477,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Czech National Bank increased its stake in Exelon by 8.8% during the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after buying an additional 15,389 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Exelon by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after acquiring an additional 123,466 shares during the period. Andra AP fonden raised its stake in shares of Exelon by 56.4% in the second quarter. Andra AP fonden now owns 138,100 shares of the company’s stock valued at $4,780,000 after acquiring an additional 49,800 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Exelon by 33.6% in the first quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock valued at $2,146,000 after purchasing an additional 14,366 shares during the period. Finally, Candriam S.C.A. boosted its holdings in Exelon by 19.0% in the second quarter. Candriam S.C.A. now owns 140,560 shares of the company’s stock valued at $4,865,000 after purchasing an additional 22,463 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.1 %

NASDAQ:EXC opened at $39.56 on Friday. The company has a market capitalization of $39.75 billion, a PE ratio of 16.28, a P/E/G ratio of 2.82 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 stock’s 50 day moving average price is $39.59 and its 200 day moving average price is $37.89. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. On average, research analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.84%. Exelon’s payout ratio is 62.55%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EXC. Wells Fargo & Company increased their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays lifted their price objective 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. Finally, Scotiabank increased their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.25.

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.