Exelon Co. (NASDAQ:EXC) Shares Purchased by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in Exelon Co. (NASDAQ:EXC) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,612 shares of the company’s stock after buying an additional 1,690 shares during the quarter. Ballentine Partners LLC’s holdings in Exelon were worth $588,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EXC. JPMorgan Chase & Co. grew its stake in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after buying an additional 3,068,309 shares during the period. State Street Corp grew its stake in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after acquiring an additional 2,018,604 shares during the period. FMR LLC raised its stake in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Exelon by 212.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock worth $71,647,000 after buying an additional 1,293,753 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Trading Up 0.1 %

Exelon stock opened at $39.24 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The firm’s 50 day moving average price is $38.09 and its two-hundred day moving average price is $38.32. The firm has a market cap of $39.43 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.55. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last announced its 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 business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. On average, research analysts predict that Exelon Co. will post 2.46 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.87%. Exelon’s dividend payout ratio is currently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the topic of a number of recent analyst reports. Barclays cut their target price on Exelon from $44.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday. Morgan Stanley reduced their price target on shares of 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 increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the company from $43.00 to $44.00 in a report on Tuesday. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.13.

Exelon Company Profile

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.