DRW Securities LLC Invests $9.32 Million in Exelon Co. (NASDAQ:EXC)

DRW Securities LLC bought a new stake in Exelon Co. (NASDAQ:EXC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 229,796 shares of the company’s stock, valued at approximately $9,318,000.

Other institutional investors have also added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised its position in shares of Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after purchasing an additional 255 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Exelon by 1.0% in the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after buying an additional 274 shares in the last quarter. Black Diamond Financial LLC grew its holdings in shares of Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after buying an additional 279 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after acquiring an additional 285 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in shares of 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 during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

EXC stock opened at $38.71 on Monday. 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 firm has a market capitalization of $38.90 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.76 and a beta of 0.54. The firm has a 50 day moving average of $39.64 and a 200-day moving average of $37.83.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $0.67 earnings per share. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 dividend on an annualized basis and a yield of 3.93%. Exelon’s payout ratio is 62.55%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley decreased their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, UBS Group upped their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average price target of $41.25.

About Exelon

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.