Los Angeles Capital Management LLC Has $110.44 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Los Angeles Capital Management LLC lessened its position in Exelon Co. (NASDAQ:EXC) by 24.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,723,519 shares of the company’s stock after selling 859,958 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.27% of Exelon worth $110,439,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in EXC. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Exelon by 28.4% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,792 shares of the company’s stock worth $931,000 after buying an additional 5,483 shares in the last quarter. Forsta AP Fonden boosted its holdings in Exelon by 7.0% in the first quarter. Forsta AP Fonden now owns 254,200 shares of the company’s stock worth $9,550,000 after acquiring an additional 16,600 shares in the last quarter. NorthRock Partners LLC bought a new position in Exelon in the first quarter worth approximately $248,000. Russell Investments Group Ltd. boosted its holdings in Exelon by 33.2% in the first quarter. Russell Investments Group Ltd. now owns 2,911,702 shares of the company’s stock worth $109,369,000 after acquiring an additional 725,709 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Exelon by 0.8% in the first quarter. US Bancorp DE now owns 168,269 shares of the company’s stock worth $6,322,000 after purchasing an additional 1,298 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of a number of recent research reports. UBS Group raised their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Barclays raised their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.33.

Exelon Price Performance

Shares of EXC traded up $0.40 during mid-day trading on Friday, hitting $38.11. The company’s stock had a trading volume of 4,985,447 shares, compared to its average volume of 6,772,411. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42. The firm has a 50-day moving average price of $39.69 and a 200 day moving average price of $37.76. The stock has a market capitalization of $38.29 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 2.73 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion for 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%. Exelon’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. On average, research analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.99%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.