Exelon Co. (NASDAQ:EXC) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC increased its position in shares of Exelon Co. (NASDAQ:EXC) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,223 shares of the company’s stock after acquiring an additional 2,878 shares during the period. MML Investors Services LLC’s holdings in Exelon were worth $2,888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the period. FMR LLC increased its stake in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Exelon by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock worth $363,626,000 after purchasing an additional 160,313 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Exelon by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake 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 purchasing an additional 3,115,763 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Stock Up 0.1 %

Shares of Exelon stock opened at $36.87 on Friday. The firm has a market cap of $37.05 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 2.62 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42. The stock has a 50-day simple moving average of $39.02 and a 200-day simple moving average of $37.86.

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

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.12%. Exelon’s dividend payout ratio is 62.55%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Finally, Morgan Stanley lowered their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Exelon has a consensus rating of “Hold” and a consensus price target of $41.42.

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.