Covestor Ltd Purchases 5,631 Shares of Exelon Co. (NASDAQ:EXC)

Covestor Ltd raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 745.8% in the third quarter, Holdings Channel reports. The institutional investor owned 6,386 shares of the company’s stock after acquiring an additional 5,631 shares during the period. Covestor Ltd’s holdings in Exelon were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Foundations Investment Advisors LLC lifted its position in shares of Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after acquiring an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after acquiring an additional 274 shares in the last quarter. Black Diamond Financial LLC increased its holdings in Exelon by 2.0% in the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after acquiring an additional 279 shares during the last quarter. Ballentine Partners LLC lifted 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 in the last quarter. Finally, Aptus Capital Advisors LLC grew its position in shares of Exelon by 3.3% during the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after purchasing an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the topic of a number of research analyst reports. Scotiabank boosted 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. UBS Group upped their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley raised their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Finally, Barclays lifted their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Eleven investment 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 stock presently has an average rating of “Hold” and an average price target of $41.33.

Exelon Trading Up 1.1 %

EXC opened at $38.11 on Friday. The stock’s 50 day moving average price is $39.69 and its 200-day moving average price is $37.76. 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 stock has a market cap of $38.29 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.73 and a beta of 0.54.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating 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 firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.99%. Exelon’s payout ratio is presently 62.55%.

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.