14,048 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Quadrature Capital Ltd

Quadrature Capital Ltd bought a new stake in Exelon Co. (NASDAQ:EXC) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,048 shares of the company’s stock, valued at approximately $570,000.

Several other institutional investors also recently made changes to their positions in EXC. Quantinno Capital Management LP boosted its position in Exelon by 51.2% during the 3rd quarter. Quantinno Capital Management LP now owns 75,759 shares of the company’s stock valued at $3,072,000 after purchasing an additional 25,656 shares during the period. Redwood Investment Management LLC bought a new stake in Exelon in the third quarter valued at $2,038,000. IHT Wealth Management LLC boosted its holdings in shares of Exelon by 2.2% during the third quarter. IHT Wealth Management LLC now owns 20,117 shares of the company’s stock valued at $816,000 after acquiring an additional 440 shares during the period. Investment Management Corp of Ontario grew its position in shares of Exelon by 48.8% during the third quarter. Investment Management Corp of Ontario now owns 33,244 shares of the company’s stock worth $1,348,000 after acquiring an additional 10,900 shares during the last quarter. Finally, HITE Hedge Asset Management LLC increased its holdings in shares of Exelon by 431.3% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after acquiring an additional 321,333 shares during the period. 80.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

EXC has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Jefferies Financial Group began coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. 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 report on Friday, November 22nd. Scotiabank boosted their price target 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, Barclays increased 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. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.25.

Exelon Stock Performance

NASDAQ:EXC opened at $37.85 on Monday. The company has a 50-day moving average of $39.38 and a 200-day moving average of $37.86. The firm has a market cap of $38.03 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42.

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

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 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.