Investment Management Corp of Ontario Grows Stock Holdings in Exelon Co. (NASDAQ:EXC)

Investment Management Corp of Ontario raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 48.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 33,244 shares of the company’s stock after buying an additional 10,900 shares during the period. Investment Management Corp of Ontario’s holdings in Exelon were worth $1,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. J.Safra Asset Management Corp purchased a new stake in Exelon during the second quarter worth $28,000. American National Bank & Trust boosted its position in 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. Abound Wealth Management grew its holdings in Exelon by 502.7% in the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after purchasing an additional 744 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Exelon in the third quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Exelon in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Shares of EXC stock opened at $37.98 on Friday. 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 company has a market capitalization of $38.16 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. The firm’s 50-day moving average is $39.43 and its two-hundred day moving average is $37.87. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 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 return on equity of 9.47% and a net margin of 10.60%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. Analysts predict that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EXC shares. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their target price 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. UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Morgan Stanley reduced 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. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.