Mesirow Financial Investment Management Inc. Boosts Stock Holdings in Exelon Co. (NASDAQ:EXC)

Mesirow Financial Investment Management Inc. increased its position in Exelon Co. (NASDAQ:EXC) by 0.9% in the second quarter, Holdings Channel.com reports. The fund owned 52,139 shares of the company’s stock after purchasing an additional 451 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Exelon were worth $1,805,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Exelon by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock valued at $112,364,000 after acquiring an additional 237,950 shares during the period. Black Diamond Financial LLC lifted its position in Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after purchasing an additional 279 shares during the period. Abound Wealth Management grew its position in Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares during the period. Redwood Wealth Management Group LLC bought a new position in shares of Exelon during the 2nd quarter valued at $71,000. Finally, Providence Wealth Advisors LLC increased its position in Exelon by 21.7% during the second quarter. Providence Wealth Advisors LLC now owns 38,545 shares of the company’s stock valued at $1,323,000 after acquiring an additional 6,865 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Wells Fargo & Company upped their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley raised their price target on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Finally, Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.82.

Exelon Stock Up 0.5 %

Shares of EXC opened at $40.43 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The stock has a market capitalization of $40.45 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.82. The business’s 50 day simple moving average is $37.43 and its 200-day simple moving average is $36.96.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.76%. Exelon’s dividend payout ratio is currently 65.52%.

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.