ST Germain D J Co. Inc. Boosts Holdings in Exelon Co. (NASDAQ:EXC)

ST Germain D J Co. Inc. lifted its holdings in Exelon Co. (NASDAQ:EXC) by 29.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,647 shares of the company’s stock after purchasing an additional 375 shares during the period. ST Germain D J Co. Inc.’s holdings in Exelon were worth $67,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new position in shares of Exelon in the 1st quarter valued at about $26,000. Crewe Advisors LLC purchased a new stake in shares of Exelon in the 1st quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in shares of Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Exelon during the 2nd quarter worth $28,000. Finally, 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 purchasing an additional 447 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXC. Wells Fargo & Company lifted their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. UBS Group upped their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Barclays upped their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Exelon currently has a consensus rating of “Hold” and an average price target of $41.33.

Exelon Stock Performance

Shares of EXC stock opened at $40.95 on Friday. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The stock’s 50-day moving average price is $39.17 and its 200 day moving average price is $37.52. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $40.97 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.71%. Exelon’s dividend payout ratio (DPR) is 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.