Northwest Bancshares Inc. Lowers Stock Holdings in Exelon Co. (NASDAQ:EXC)

Northwest Bancshares Inc. lowered its position in Exelon Co. (NASDAQ:EXC) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,945 shares of the company’s stock after selling 516 shares during the period. Northwest Bancshares Inc.’s holdings in Exelon were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EXC. Lazard Asset Management LLC lifted its holdings in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after buying an additional 16,686,526 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings 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 valued at $124,024,000 after acquiring an additional 3,115,763 shares during the last quarter. Swedbank AB purchased a new stake in Exelon in the 1st quarter worth $96,859,000. International Assets Investment Management LLC boosted its holdings in shares of Exelon by 4,103.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after purchasing an additional 1,021,731 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Exelon by 101.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock valued at $54,539,000 after purchasing an additional 678,490 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank increased their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their target price on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group boosted their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Exelon currently has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Trading Down 0.9 %

NASDAQ:EXC opened at $38.73 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. The firm has a fifty day simple moving average of $39.68 and a 200-day simple moving average of $37.82. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a market capitalization of $38.92 billion, a P/E ratio of 15.94, a PEG ratio of 2.79 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 return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.92%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is 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.