Vinva Investment Management Ltd Increases Holdings in Exelon Co. (NASDAQ:EXC)

Vinva Investment Management Ltd boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 151.0% during the third quarter, Holdings Channel.com reports. The firm owned 70,476 shares of the company’s stock after buying an additional 42,400 shares during the quarter. Vinva Investment Management Ltd’s holdings in Exelon were worth $2,846,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EXC. Los Angeles Capital Management LLC increased 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 acquiring an additional 3,115,763 shares during the last quarter. FMR LLC raised its holdings in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after buying an additional 1,858,502 shares during the period. International Assets Investment Management LLC lifted its position in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after buying an additional 1,021,731 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Exelon by 101.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock worth $54,539,000 after buying an additional 678,490 shares during the period. Finally, Jennison Associates LLC boosted its stake in Exelon by 44.0% during the third quarter. Jennison Associates LLC now owns 1,830,435 shares of the company’s stock worth $74,224,000 after buying an additional 558,977 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of EXC stock opened at $39.51 on Friday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. 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 company has a market cap of $39.70 billion, a P/E ratio of 16.26, a PEG ratio of 2.82 and a beta of 0.54. The firm has a fifty day moving average price of $39.60 and a 200 day moving average price of $37.88.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued 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 yield of 3.85%. Exelon’s payout ratio is currently 62.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. 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 for the company. Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, UBS Group boosted their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon has a consensus rating of “Hold” and an average target price of $41.25.

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.