Blueshift Asset Management LLC Purchases New Position in Exelon Co. (NASDAQ:EXC)

Blueshift Asset Management LLC acquired a new position in shares of Exelon Co. (NASDAQ:EXC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,863 shares of the company’s stock, valued at approximately $562,000.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in Exelon by 18.7% during the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after acquiring an additional 1,858,502 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Exelon by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after purchasing an additional 3,115,763 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Exelon by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 3,438,056 shares of the company’s stock valued at $120,710,000 after purchasing an additional 15,620 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Exelon by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock valued at $112,364,000 after purchasing an additional 237,950 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EXC. Scotiabank boosted 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. Morgan Stanley reduced their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays upped their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $41.25.

Exelon Stock Up 0.1 %

Exelon stock opened at $39.51 on Thursday. The stock’s 50 day moving average price is $39.60 and its 200 day moving average price is $37.86. The company has a market cap of $39.70 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 2.79 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 Co. has a 1-year low of $33.35 and a 1-year high of $41.42.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.