Zurcher Kantonalbank Zurich Cantonalbank Buys 13,919 Shares of Exelon Co. (NASDAQ:EXC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Exelon Co. (NASDAQ:EXC) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 546,307 shares of the company’s stock after purchasing an additional 13,919 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Exelon were worth $22,153,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC purchased a new stake in shares of Exelon during the 3rd quarter worth approximately $268,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Exelon by 114.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 197,095 shares of the company’s stock valued at $7,992,000 after purchasing an additional 105,286 shares during the period. Blueshift Asset Management LLC purchased a new stake in Exelon in the third quarter worth $562,000. Townsquare Capital LLC raised its stake in shares of Exelon by 24.1% in the third quarter. Townsquare Capital LLC now owns 16,517 shares of the company’s stock valued at $670,000 after buying an additional 3,208 shares during the period. Finally, Baldwin Investment Management LLC purchased a new position in shares of Exelon during the 3rd quarter valued at $201,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of several recent research reports. Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays boosted their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company raised their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Morgan Stanley dropped their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Up 0.1 %

EXC opened at $39.56 on Friday. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The company has a fifty day moving average price of $39.59 and a 200-day moving average price of $37.89. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $39.75 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 2.82 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. Equities research analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given 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 3.84%. Exelon’s payout ratio 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.