Exelon Co. (NASDAQ:EXC) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 16,415 shares of the company’s stock after selling 446 shares during the quarter. Independent Advisor Alliance’s holdings in Exelon were worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC increased its holdings in Exelon by 666.2% in the 2nd 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 acquired a new position in Exelon in the 1st quarter worth approximately $96,859,000. International Assets Investment Management LLC increased its holdings in Exelon by 4,103.5% in the 3rd 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. Robeco Institutional Asset Management B.V. increased its holdings in Exelon by 101.8% in the 3rd 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 increased its holdings in Exelon by 44.0% in the 3rd 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. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.1 %

NASDAQ EXC opened at $39.51 on Thursday. The business has a fifty day moving average price of $39.60 and a 200 day moving average price of $37.86. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market cap of $39.70 billion, a P/E ratio of 16.26, a P/E/G ratio of 2.79 and a beta of 0.54.

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

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio is currently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Barclays upped their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company upped their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, UBS Group upped their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.