StoneX Group Inc. Increases Position in Exelon Co. (NASDAQ:EXC)

StoneX Group Inc. lifted its stake in shares of Exelon Co. (NASDAQ:EXC) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,140 shares of the company’s stock after acquiring an additional 466 shares during the period. StoneX Group Inc.’s holdings in Exelon were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. 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 valued at $27,000 after purchasing an additional 672 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Exelon in the second quarter valued at approximately $28,000. American National Bank & Trust increased its stake in Exelon by 178.8% during 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 period. Abound Wealth Management lifted its holdings in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after buying an additional 744 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in Exelon in the third quarter valued at $32,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 1.5 %

Shares of EXC stock opened at $38.71 on Monday. The firm has a 50-day moving average price of $39.64 and a 200 day moving average price of $37.83. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $38.90 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.76 and a beta of 0.54. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42.

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

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday. Barclays increased their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank lifted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, 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 research report on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $41.25.

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.