Kayne Anderson Capital Advisors LP Invests $7.46 Million in Exelon Co. (NASDAQ:EXC)

Kayne Anderson Capital Advisors LP acquired a new position in Exelon Co. (NASDAQ:EXC) in the third quarter, HoldingsChannel.com reports. The fund acquired 183,844 shares of the company’s stock, valued at approximately $7,455,000.

A number of other large investors also recently bought and sold shares of the business. Lazard Asset Management LLC boosted its position in Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after acquiring an additional 16,686,526 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Exelon by 666.2% during the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after acquiring an additional 3,115,763 shares during the period. Swedbank AB acquired a new position in shares of Exelon during the 1st quarter valued at about $96,859,000. International Assets Investment Management LLC grew its stake in shares of Exelon by 4,103.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after buying an additional 1,021,731 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Exelon by 101.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock worth $54,539,000 after buying an additional 678,490 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

Exelon stock opened at $39.11 on Monday. The stock has a market capitalization of $39.30 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The business has a 50 day simple moving average of $39.68 and a 200-day simple moving average of $37.79. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts predict that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Analysts Set New Price Targets

EXC has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. UBS Group raised their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, Scotiabank increased their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.33.

About Exelon

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.