nVerses Capital LLC Raises Stock Holdings in Exelon Co. (NASDAQ:EXC)

nVerses Capital LLC increased its position in Exelon Co. (NASDAQ:EXC) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,400 shares of the company’s stock after purchasing an additional 800 shares during the period. nVerses Capital LLC’s holdings in Exelon were worth $908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new stake in shares of Exelon in the first quarter worth $26,000. Crewe Advisors LLC bought a new position in shares of Exelon during the first quarter valued at $26,000. Versant Capital Management Inc lifted its holdings in shares of Exelon by 646.2% during the second 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. J.Safra Asset Management Corp bought a new position in shares of Exelon during the second quarter valued at $28,000. Finally, American National Bank & Trust lifted its holdings in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on EXC shares. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Wells Fargo & Company increased their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Barclays increased their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday. Scotiabank raised their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley raised their price objective on 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Stock Performance

Exelon stock traded down $0.09 during trading hours on Thursday, hitting $40.88. 891,248 shares of the stock traded hands, compared to its average volume of 6,754,987. The stock has a market capitalization of $40.88 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.86 and a beta of 0.53. The firm’s 50 day moving average price is $39.03 and its 200-day moving average price is $37.47. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is currently 65.52%.

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.