Quantinno Capital Management LP Boosts Holdings in Exelon Co. (NASDAQ:EXC)

Quantinno Capital Management LP lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 46.2% during the fourth quarter, HoldingsChannel reports. The firm owned 110,774 shares of the company’s stock after purchasing an additional 35,015 shares during the quarter. Quantinno Capital Management LP’s holdings in Exelon were worth $4,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after buying an additional 3,068,309 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Exelon by 13.5% in the fourth quarter. Park Avenue Securities LLC now owns 19,654 shares of the company’s stock valued at $740,000 after purchasing an additional 2,336 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Exelon by 8.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 39,929 shares of the company’s stock valued at $1,503,000 after purchasing an additional 3,111 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in Exelon by 2.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 23,236 shares of the company’s stock valued at $875,000 after purchasing an additional 525 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in Exelon during the 4th quarter valued at approximately $205,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on EXC. BMO Capital Markets upped their target price on Exelon from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Guggenheim lifted their price target on shares of Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Evercore ISI upped their price target on shares of Exelon from $48.00 to $51.00 and gave the company an “in-line” rating in a report on Friday, May 2nd. UBS Group raised their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Barclays boosted their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus price target of $47.30.

Exelon Stock Up 1.5%

EXC stock opened at $44.09 on Monday. The firm has a market cap of $44.51 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.86 and a beta of 0.43. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The firm has a fifty day moving average price of $45.23 and a two-hundred day moving average price of $41.57. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.30 billion. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. Research analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Monday, May 12th. Exelon’s dividend payout ratio (DPR) is presently 59.48%.

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.