Aigen Investment Management LP Acquires New Position in Exelon Co. (NASDAQ:EXC)

Aigen Investment Management LP bought a new position in Exelon Co. (NASDAQ:EXC) in the third quarter, according to its most recent filing with the SEC. The firm bought 12,174 shares of the company’s stock, valued at approximately $494,000.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new position in shares of Exelon in the first quarter valued at about $26,000. American National Bank & Trust boosted its position in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after buying an additional 447 shares during the last quarter. Versant Capital Management Inc increased its holdings in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares during the period. Ashton Thomas Securities LLC purchased a new position in Exelon during the 3rd quarter worth approximately $32,000. Finally, J.Safra Asset Management Corp purchased a new position in Exelon during the 2nd quarter worth approximately $28,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $38.12 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $38.30 billion, a PE ratio of 15.69, a PEG ratio of 2.72 and a beta of 0.54. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The firm has a fifty day moving average of $39.67 and a 200 day moving average of $37.78.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, research analysts predict 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 paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio is presently 62.55%.

Wall Street Analysts Forecast Growth

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

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.