Huntington National Bank Has $2.33 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Huntington National Bank raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,429 shares of the company’s stock after buying an additional 8,264 shares during the period. Huntington National Bank’s holdings in Exelon were worth $2,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Foundations Investment Advisors LLC raised its position in Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after acquiring an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of 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 in the last quarter. Black Diamond Financial LLC lifted its stake in shares of Exelon by 2.0% in 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 lifted its stake in shares of Exelon by 2.1% in 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 boosted its holdings in Exelon by 3.3% in the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock worth $326,000 after purchasing an additional 304 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

NASDAQ EXC opened at $39.11 on Friday. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.42. The company has a 50 day moving average of $39.68 and a 200-day moving average of $37.79. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm has a market cap of $39.30 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.72 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $6.15 billion during 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 company’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EXC shares. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Morgan Stanley upped their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. UBS Group upped 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. Finally, Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.33.

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.