Robeco Institutional Asset Management B.V. Buys 678,490 Shares of Exelon Co. (NASDAQ:EXC)

Robeco Institutional Asset Management B.V. lifted its stake in Exelon Co. (NASDAQ:EXC) by 101.8% in the third quarter, HoldingsChannel.com reports. The fund owned 1,344,978 shares of the company’s stock after purchasing an additional 678,490 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Exelon were worth $54,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in EXC. Private Advisor Group LLC raised its stake in Exelon by 1.9% during the 1st quarter. Private Advisor Group LLC now owns 55,357 shares of the company’s stock valued at $2,080,000 after buying an additional 1,050 shares during the last quarter. Whittier Trust Co. lifted its holdings in Exelon by 34.0% in the first quarter. Whittier Trust Co. now owns 4,175 shares of the company’s stock valued at $157,000 after acquiring an additional 1,060 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Exelon during the 1st quarter valued at about $54,000. Empirical Finance LLC increased its position in shares of Exelon by 3.5% during the 1st quarter. Empirical Finance LLC now owns 35,624 shares of the company’s stock valued at $1,338,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Exelon by 28.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,792 shares of the company’s stock worth $931,000 after purchasing an additional 5,483 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Trading Down 0.5 %

Shares of Exelon stock opened at $37.97 on Tuesday. The business has a 50-day moving average price of $39.66 and a 200-day moving average price of $37.74. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42. The firm has a market cap of $38.15 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 2.84 and a beta of 0.54. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its 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. 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 analyst estimates of $5.85 billion. During the same period last year, the firm posted $0.67 earnings per share. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared 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 of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 4.00%. Exelon’s dividend payout ratio is currently 62.55%.

Analyst Ratings Changes

EXC has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Scotiabank raised their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Barclays boosted their price objective on Exelon from $41.00 to $44.00 and gave the company 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.33.

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.