Private Trust Co. NA Grows Position in Exelon Co. (NASDAQ:EXC)

Private Trust Co. NA boosted its stake in shares of Exelon Co. (NASDAQ:EXC) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,593 shares of the company’s stock after purchasing an additional 390 shares during the period. Private Trust Co. NA’s holdings in Exelon were worth $348,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after acquiring an additional 123,466 shares during the last quarter. Los Angeles Capital Management LLC raised 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 worth $124,024,000 after purchasing an additional 3,115,763 shares during the period. Bank of Montreal Can lifted its stake 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Exelon by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock worth $112,364,000 after purchasing an additional 237,950 shares during the period. Finally, Swiss National Bank increased its position in Exelon by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,968,155 shares of the company’s stock worth $120,359,000 after purchasing an additional 8,100 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. 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. Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Finally, Morgan Stanley lowered their price objective 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. Eleven investment analysts have rated the stock with a hold rating and four have issued 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 target price of $41.25.

Exelon Stock Up 0.1 %

Shares of Exelon stock opened at $39.51 on Thursday. The business has a 50-day moving average price of $39.60 and a 200 day moving average price of $37.86. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42. The firm has a market cap of $39.70 billion, a P/E ratio of 16.26, a P/E/G ratio of 2.79 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating 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 the consensus estimate of $5.85 billion. During the same period in the previous year, the business earned $0.67 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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