UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 160,313 Shares of Exelon Co. (NASDAQ:EXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Exelon Co. (NASDAQ:EXC) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,967,343 shares of the company’s stock after purchasing an additional 160,313 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.89% of Exelon worth $363,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its holdings in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after acquiring an additional 3,115,763 shares in the last quarter. FMR LLC boosted its holdings in Exelon by 18.7% in the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after acquiring an additional 1,858,502 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after acquiring an additional 1,021,731 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Exelon by 101.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock valued at $54,539,000 after acquiring an additional 678,490 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Exelon by 44.0% in the third quarter. Jennison Associates LLC now owns 1,830,435 shares of the company’s stock valued at $74,224,000 after acquiring an additional 558,977 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on EXC. Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company raised their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Barclays raised their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $41.25.

Exelon Price Performance

EXC opened at $39.51 on Friday. The stock has a 50-day moving average price of $39.60 and a 200-day moving average price of $37.88. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market cap of $39.70 billion, a PE ratio of 16.26, a P/E/G ratio of 2.82 and a beta of 0.54. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42.

Exelon (NASDAQ:EXC) last issued its 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 return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. Exelon’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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