nVerses Capital LLC Raises Holdings in Exelon Co. (NASDAQ:EXC)

nVerses Capital LLC lifted its stake in Exelon Co. (NASDAQ:EXC) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,400 shares of the company’s stock after purchasing an additional 800 shares during the period. nVerses Capital LLC’s holdings in Exelon were worth $908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC lifted its position in Exelon by 18.7% during the fourth quarter. EP Wealth Advisors LLC now owns 9,244 shares of the company’s stock valued at $332,000 after buying an additional 1,457 shares in the last quarter. SageView Advisory Group LLC lifted its holdings in Exelon by 5.9% in the 4th quarter. SageView Advisory Group LLC now owns 10,166 shares of the company’s stock valued at $356,000 after acquiring an additional 570 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Exelon by 9.7% in the 1st quarter. Moody National Bank Trust Division now owns 15,026 shares of the company’s stock valued at $565,000 after acquiring an additional 1,333 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Exelon by 1,171.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 467,714 shares of the company’s stock valued at $17,572,000 after acquiring an additional 430,939 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Exelon by 14.2% in the 1st quarter. GAMMA Investing LLC now owns 8,347 shares of the company’s stock valued at $314,000 after acquiring an additional 1,035 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of NASDAQ EXC traded down $0.09 during mid-day trading on Thursday, hitting $40.88. The company had a trading volume of 891,248 shares, compared to its average volume of 6,754,987. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48. The stock’s 50-day moving average price is $39.03 and its 200-day moving average price is $37.47. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $40.88 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.86 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the prior year, the business earned $0.41 EPS. On average, sell-side analysts forecast that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is currently 65.52%.

Analysts Set New Price Targets

Several research firms have issued reports on EXC. UBS Group boosted their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Finally, Barclays boosted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday. Eleven investment 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, Exelon currently has a consensus rating of “Hold” and an average target price of $41.33.

Exelon 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.