Exelon Co. (NASDAQ:EXC) Position Increased by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 6.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,458 shares of the company’s stock after buying an additional 2,718 shares during the period. Tidal Investments LLC’s holdings in Exelon were worth $1,803,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC boosted its stake in Exelon by 3.5% in the 3rd 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. boosted its stake in Exelon by 1.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after purchasing an additional 274 shares during the period. Black Diamond Financial LLC boosted its stake in Exelon by 2.0% in the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock worth $487,000 after purchasing an additional 279 shares during the period. Ballentine Partners LLC boosted its stake in Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after purchasing an additional 285 shares during the period. Finally, Aptus Capital Advisors LLC boosted its stake in Exelon by 3.3% in the 2nd 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 period. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on EXC. Jefferies Financial Group began 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. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. UBS Group lifted their target price 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. Scotiabank lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley decreased their target price 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, November 22nd. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.55.

Exelon Stock Up 0.8 %

Exelon stock opened at $36.52 on Wednesday. The company has a market capitalization of $36.70 billion, a P/E ratio of 15.03, a P/E/G ratio of 2.63 and a beta of 0.54. The firm’s fifty day simple moving average is $38.89 and its 200-day simple moving average is $37.86. 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 1-year low of $33.35 and a 1-year high of $41.19.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 4.16%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.