Exelon Co. (NASDAQ:EXC) Shares Acquired by Carret Asset Management LLC

Carret Asset Management LLC increased its stake in shares of Exelon Co. (NASDAQ:EXC) by 25.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,044 shares of the company’s stock after purchasing an additional 1,825 shares during the period. Carret Asset Management LLC’s holdings in Exelon were worth $367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after acquiring an additional 16,686,526 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Exelon by 2.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after buying an additional 113,428 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Exelon by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock worth $164,623,000 after acquiring an additional 193,223 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in shares of 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 purchasing an additional 3,115,763 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

NASDAQ:EXC opened at $40.07 on Monday. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.48. The company has a market capitalization of $40.07 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.93 and a beta of 0.53. The business has a 50 day moving average of $39.49 and a 200 day moving average of $37.63. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter in the prior year, the business earned $0.41 EPS. On average, sell-side analysts predict that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is currently 65.52%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EXC shares. Morgan Stanley upped their price target on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank increased their target price on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group lifted their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average target price of $41.33.

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.