Northwest & Ethical Investments L.P. Raises Stake in Exelon Co. (NASDAQ:EXC)

Northwest & Ethical Investments L.P. increased its holdings in Exelon Co. (NASDAQ:EXC) by 9.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 672 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in Exelon in the 2nd quarter worth approximately $28,000. American National Bank & Trust grew its position in shares of Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares during the last quarter. Abound Wealth Management increased its stake in shares of Exelon by 502.7% during the second quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after buying an additional 744 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Exelon during the third quarter valued at approximately $32,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ EXC traded up $0.02 during midday trading on Thursday, hitting $39.51. 4,226,954 shares of the stock traded hands, compared to its average volume of 6,727,228. The firm has a market capitalization of $39.70 billion, a P/E ratio of 16.26, a PEG ratio of 2.79 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 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 50-day moving average of $39.60 and a two-hundred day moving average of $37.86.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 EPS. On average, equities analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Barclays increased their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley cut their price objective 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. Scotiabank raised their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eleven research 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, Exelon currently has a consensus rating of “Hold” and a consensus 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.