Banco Santander S.A. Takes $4.72 Million Position in Exelon Co. (NASDAQ:EXC)

Banco Santander S.A. acquired a new stake in Exelon Co. (NASDAQ:EXC) in the third quarter, according to its most recent filing with the SEC. The fund acquired 116,318 shares of the company’s stock, valued at approximately $4,717,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Czech National Bank increased its stake in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after acquiring an additional 15,389 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Exelon in the 1st quarter valued at about $681,000. Andra AP fonden boosted its holdings in Exelon by 56.4% during the 2nd quarter. Andra AP fonden now owns 138,100 shares of the company’s stock valued at $4,780,000 after acquiring an additional 49,800 shares during the period. Cetera Advisors LLC increased its stake in Exelon by 33.6% in the 1st quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock worth $2,146,000 after purchasing an additional 14,366 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Exelon by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock valued at $52,249,000 after purchasing an additional 16,661 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of Exelon stock opened at $39.30 on Friday. The firm has a market cap of $39.48 billion, a PE ratio of 16.17, a PEG ratio of 2.79 and a beta of 0.54. 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 $39.67 and a 200 day moving average of $37.83. 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 (NASDAQ:EXC) last announced its quarterly earnings results 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 net margin of 10.60% and a return on equity of 9.47%. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. 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 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 of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.87%. Exelon’s dividend payout ratio (DPR) is 62.55%.

Analysts Set New Price Targets

EXC has been the subject of several recent analyst reports. UBS Group upped 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. Morgan Stanley raised their price target on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Barclays upped their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group started coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Scotiabank increased their target price on Exelon from $37.00 to $40.00 and gave the stock 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Company 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.