Commerce Bank grew its stake in Exelon Co. (NYSE:EXC) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,516 shares of the energy giant’s stock after buying an additional 2,287 shares during the quarter. Commerce Bank’s holdings in Exelon were worth $1,332,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Welch Group LLC acquired a new position in shares of Exelon in the third quarter valued at approximately $110,000. Landaas & Co. WI ADV acquired a new position in shares of Exelon in the second quarter valued at approximately $116,000. CWM LLC boosted its holdings in shares of Exelon by 106.5% in the third quarter. CWM LLC now owns 2,653 shares of the energy giant’s stock valued at $116,000 after buying an additional 1,368 shares during the period. Burt Wealth Advisors boosted its holdings in shares of Exelon by 81.6% in the third quarter. Burt Wealth Advisors now owns 2,884 shares of the energy giant’s stock valued at $126,000 after buying an additional 1,296 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new position in shares of Exelon in the third quarter valued at approximately $152,000. Institutional investors own 78.89% of the company’s stock.
Shares of EXC stock opened at $45.04 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.16 and a current ratio of 1.33. The firm has a market capitalization of $42.85 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 2.84 and a beta of 0.26. Exelon Co. has a 12 month low of $35.57 and a 12 month high of $45.29.
Exelon (NYSE:EXC) last announced its quarterly earnings data on Thursday, November 1st. The energy giant reported $0.88 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.88. The business had revenue of $8.08 billion for the quarter, compared to analyst estimates of $8.74 billion. Exelon had a net margin of 10.67% and a return on equity of 9.35%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Analysts anticipate that Exelon Co. will post 3.12 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, November 14th. Exelon’s dividend payout ratio is presently 53.08%.
Several research firms have recently weighed in on EXC. Zacks Investment Research upgraded shares of Exelon from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, October 29th. JPMorgan Chase & Co. cut shares of Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Tuesday, October 9th. Scotiabank reiterated a “sector outperform” rating on shares of Exelon in a report on Wednesday, July 25th. Macquarie boosted their price objective on shares of Exelon from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. Finally, KeyCorp boosted their price objective on shares of Exelon from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 17th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.00.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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