Natixis Advisors LLC Increases Stock Holdings in Exelon Co. (NASDAQ:EXC)

Natixis Advisors LLC lifted its position in Exelon Co. (NASDAQ:EXC) by 34.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 502,454 shares of the company’s stock after purchasing an additional 127,493 shares during the quarter. Natixis Advisors LLC owned about 0.05% of Exelon worth $20,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its stake in Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares during the period. Los Angeles Capital Management LLC boosted its stake in Exelon by 666.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after buying an additional 3,115,763 shares during the period. Swedbank AB purchased a new position in Exelon during the first quarter worth about $96,859,000. International Assets Investment Management LLC boosted its stake in Exelon by 4,103.5% during the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after buying an additional 1,021,731 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Exelon by 101.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock valued at $54,539,000 after purchasing an additional 678,490 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.3 %

EXC stock opened at $39.23 on Tuesday. 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 twelve month low of $33.35 and a twelve month high of $41.42. The company’s 50 day moving average is $39.69 and its two-hundred day moving average is $37.80. The stock has a market cap of $39.42 billion, a P/E ratio of 16.14, a PEG ratio of 2.79 and a beta of 0.54.

Exelon (NASDAQ:EXC) last released its quarterly earnings data 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. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts expect that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.87%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company raised their price objective on shares of 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 raised their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Scotiabank raised their target price 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. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock 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.