5,085 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Bill Few Associates Inc.

Bill Few Associates Inc. bought a new position in shares of Exelon Co. (NASDAQ:EXC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,085 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. Lazard Asset Management LLC raised its stake in Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after buying an additional 16,686,526 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after buying an additional 113,428 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Exelon by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after buying an additional 193,223 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after buying an additional 3,115,763 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EXC shares. Jefferies Financial Group started coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Company upped their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley upped their target price on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $41.33.

Exelon Stock Up 1.6 %

NASDAQ EXC opened at $40.56 on Wednesday. The business has a fifty day moving average price of $38.97 and a two-hundred day moving average price of $37.44. 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 fifty-two week low of $33.35 and a fifty-two week high of $41.48. The stock has a market capitalization of $40.56 billion, a PE ratio of 17.48, a PEG ratio of 2.86 and a beta of 0.53.

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

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.75%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is presently 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.