Meeder Advisory Services Inc. Buys 1,153 Shares of Exelon Co. (NASDAQ:EXC)

Meeder Advisory Services Inc. raised its stake in Exelon Co. (NASDAQ:EXC) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,370 shares of the company’s stock after buying an additional 1,153 shares during the period. Meeder Advisory Services Inc.’s holdings in Exelon were worth $907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXC. Crewe Advisors LLC bought a new stake in Exelon in the 1st quarter worth approximately $26,000. American National Bank & Trust raised its stake in shares of Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after acquiring an additional 447 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Exelon during the 3rd quarter valued at $32,000. Finally, J.Safra Asset Management Corp purchased a new position in Exelon in the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EXC shares. UBS Group upped their price target 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. Wells Fargo & Company boosted 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. Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays increased their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley upped their price objective 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.33.

Exelon Price Performance

Shares of EXC stock opened at $39.10 on Wednesday. The business’s fifty day moving average is $39.69 and its 200 day moving average is $37.81. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $39.29 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.79 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 issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. Research analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. Exelon’s payout ratio is currently 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.