BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $26.44 Million Position in Exelon Co. (NASDAQ:EXC)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its position in Exelon Co. (NASDAQ:EXC) by 33.4% during the third quarter, HoldingsChannel.com reports. The fund owned 652,135 shares of the company’s stock after selling 327,391 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Exelon were worth $26,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EXC. MTM Investment Management LLC acquired a new stake in Exelon during the 3rd quarter worth $224,000. Jennison Associates LLC raised its position in shares of Exelon by 44.0% during the third quarter. Jennison Associates LLC now owns 1,830,435 shares of the company’s stock worth $74,224,000 after purchasing an additional 558,977 shares during the period. Commerce Bank lifted its holdings in shares of Exelon by 1.4% during the 3rd quarter. Commerce Bank now owns 49,290 shares of the company’s stock valued at $1,999,000 after purchasing an additional 674 shares in the last quarter. Yardley Wealth Management LLC acquired a new position in shares of Exelon in the 3rd quarter valued at approximately $324,000. Finally, PNC Financial Services Group Inc. increased its stake in Exelon by 0.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 315,954 shares of the company’s stock worth $12,812,000 after purchasing an additional 977 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company lifted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Barclays upped their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Performance

Shares of EXC opened at $38.71 on Friday. The company has a market cap of $38.90 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The firm has a 50-day moving average of $39.64 and a 200-day moving average of $37.83. 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 current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.67 earnings per share. As a group, equities analysts forecast that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio is 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.