Empirical Finance LLC Increases Holdings in Exelon Co. (NASDAQ:EXC)

Empirical Finance LLC raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,193 shares of the company’s stock after purchasing an additional 741 shares during the period. Empirical Finance LLC’s holdings in Exelon were worth $1,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EXC. Crewe Advisors LLC bought a new stake in Exelon in the first quarter valued at $26,000. Versant Capital Management Inc increased its position 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 buying an additional 672 shares during the period. J.Safra Asset Management Corp bought a new position in Exelon in the second quarter worth about $28,000. 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 worth $28,000 after buying an additional 447 shares during the period. Finally, Abound Wealth Management boosted its position in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after acquiring an additional 744 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the subject of a number of research analyst reports. Scotiabank raised their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley boosted their target price on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Finally, Barclays increased their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and an average price target of $41.33.

Exelon Price Performance

Shares of Exelon stock opened at $39.11 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The stock has a 50 day moving average of $39.68 and a 200 day moving average of $37.79. The firm has a market cap of $39.30 billion, a PE ratio of 16.09, a PEG ratio of 2.72 and a beta of 0.54.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.67 earnings per share. On average, research analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is 62.55%.

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.