Northwest & Ethical Investments L.P. Increases Position in Exelon Co. (NASDAQ:EXC)

Northwest & Ethical Investments L.P. lifted its stake in Exelon Co. (NASDAQ:EXC) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 360,267 shares of the company’s stock after purchasing an additional 29,703 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Exelon were worth $14,609,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Exelon by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock valued at $52,249,000 after purchasing an additional 16,661 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Exelon by 10.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,248 shares of the company’s stock valued at $841,000 after purchasing an additional 2,075 shares in the last quarter. Tidal Investments LLC boosted its holdings in Exelon by 97.1% in the first quarter. Tidal Investments LLC now owns 69,268 shares of the company’s stock valued at $2,602,000 after purchasing an additional 34,132 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Exelon during the first quarter worth approximately $252,000. Finally, Swedbank AB purchased a new position in shares of Exelon in the 1st quarter valued at approximately $96,859,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the topic of several recent research reports. Barclays boosted 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. 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 note on Friday, November 22nd. Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Finally, 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 objective on the stock. 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 MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.25.

Exelon Price Performance

Shares of Exelon stock traded up $0.02 during trading on Thursday, reaching $39.51. The company’s stock had a trading volume of 4,226,954 shares, compared to its average volume of 6,727,228. The stock has a 50-day moving average price of $39.60 and a two-hundred day moving average price of $37.86. Exelon Co. has a one year low of $33.35 and a one year 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. The stock has a market capitalization of $39.70 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion for 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 revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.67 earnings per share. As a group, sell-side analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently declared 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 3.85%. Exelon’s dividend payout ratio (DPR) is 62.55%.

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.