Te Ahumairangi Investment Management Ltd Has $3.45 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Te Ahumairangi Investment Management Ltd lifted its position in Exelon Co. (NASDAQ:EXC) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,600 shares of the company’s stock after buying an additional 2,600 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Exelon were worth $3,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Foundations Investment Advisors LLC raised its stake in Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Exelon by 1.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after purchasing an additional 274 shares during the last quarter. Black Diamond Financial LLC raised its stake in Exelon by 2.0% during the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after purchasing an additional 279 shares during the last quarter. Ballentine Partners LLC raised its stake in Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after purchasing an additional 285 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in Exelon by 3.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after purchasing an additional 304 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EXC shares. UBS Group boosted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Barclays boosted their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Exelon presently has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Performance

Shares of EXC stock opened at $36.76 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $36.94 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. The company’s 50 day moving average price is $39.17 and its two-hundred day moving average price is $37.86. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42.

Exelon (NASDAQ:EXC) last announced 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. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. On average, analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

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 paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.13%. 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.