Addis & Hill Inc Makes New $401,000 Investment in Exelon Co. (NASDAQ:EXC)

Addis & Hill Inc bought a new position in Exelon Co. (NASDAQ:EXC) in the third quarter, Holdings Channel.com reports. The fund bought 9,884 shares of the company’s stock, valued at approximately $401,000. Exelon accounts for 0.3% of Addis & Hill Inc’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after buying an additional 16,686,526 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after buying an additional 113,428 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Exelon by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after buying an additional 193,223 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of 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 buying an additional 3,115,763 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on EXC. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Scotiabank boosted their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley boosted their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus price target of $41.33.

Exelon Stock Down 2.9 %

EXC stock opened at $38.15 on Friday. The stock has a market capitalization of $38.17 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. The company has a 50-day moving average of $39.66 and a two-hundred day moving average of $37.71. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. As a group, equities research analysts anticipate that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 3.98%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Exelon 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.