Toronto Dominion Bank Buys 97,468 Shares of Exelon Co. (NASDAQ:EXC)

Toronto Dominion Bank increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 19.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 607,190 shares of the company’s stock after purchasing an additional 97,468 shares during the period. Toronto Dominion Bank’s holdings in Exelon were worth $24,622,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EXC. American National Bank & Trust grew its stake in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon during the 3rd quarter worth $32,000. Abound Wealth Management increased its holdings in Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Exelon in the second quarter valued at about $41,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Exelon in the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $36.83 on Friday. The firm has a 50 day moving average of $39.09 and a 200-day moving average of $37.86. The company has a market cap of $37.01 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54. 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 Co. has a 52 week low of $33.35 and a 52 week high of $41.42.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. 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 (DPR) is presently 62.55%.

Analyst Ratings Changes

EXC has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Scotiabank boosted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday. UBS Group raised their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.42.

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.