Exelon Co. (NASDAQ:EXC) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its stake in Exelon Co. (NASDAQ:EXC) by 52.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 50,748 shares of the company’s stock after purchasing an additional 17,474 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Exelon were worth $2,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC raised its holdings in Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Vanguard Group Inc. lifted its position in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Exelon by 666.2% in the 2nd 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 during the period. Swedbank AB acquired a new position in Exelon during the first quarter worth $96,859,000. Finally, M&G Plc purchased a new position in Exelon during the first quarter valued at $89,266,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of several research reports. Barclays boosted their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Scotiabank upped 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. Wells Fargo & Company raised their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.33.

Exelon Trading Up 0.2 %

Exelon stock opened at $40.63 on Wednesday. Exelon Co. has a one year low of $33.35 and a one year high of $41.48. 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 company’s fifty day moving average price is $39.31 and its two-hundred day moving average price is $37.57. The company has a market capitalization of $40.65 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 2.96 and a beta of 0.53.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $4.98 billion. During the same period last year, the firm earned $0.41 EPS. On average, analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.74%. Exelon’s dividend payout ratio is currently 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.