Charles Schwab Investment Management Inc. Has $261.40 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

Charles Schwab Investment Management Inc. increased its holdings in Exelon Co. (NASDAQ:EXC) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,446,408 shares of the company’s stock after buying an additional 123,466 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Exelon were worth $261,402,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EXC. Czech National Bank boosted its holdings in shares of Exelon by 8.8% in the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after acquiring an additional 15,389 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Exelon during the first quarter worth $681,000. Andra AP fonden increased its stake in shares of Exelon by 56.4% in the second quarter. Andra AP fonden now owns 138,100 shares of the company’s stock valued at $4,780,000 after buying an additional 49,800 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Exelon by 33.6% in the first quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock valued at $2,146,000 after buying an additional 14,366 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Exelon by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock worth $52,249,000 after buying an additional 16,661 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EXC shares. Morgan Stanley dropped 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. Barclays boosted their price objective 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. Wells Fargo & Company increased their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. 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. Finally, Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $41.25.

Exelon Stock Down 1.5 %

Shares of Exelon stock opened at $38.71 on Friday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The company has a market capitalization of $38.90 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.54. The business has a 50-day moving average of $39.64 and a two-hundred day moving average of $37.83.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm 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%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. As a group, equities analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 yield of 3.93%. Exelon’s dividend payout ratio is currently 62.55%.

Exelon Company 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.