Victory Capital Management Inc. grew its stake in Exelon Co. (NYSE:EXC) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,039,254 shares of the energy giant’s stock after purchasing an additional 39,761 shares during the quarter. Victory Capital Management Inc. owned approximately 0.11% of Exelon worth $45,374,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of EXC. Landaas & Co. WI ADV bought a new position in shares of Exelon in the second quarter valued at approximately $116,000. CWM LLC lifted its holdings in Exelon by 106.5% during the third quarter. CWM LLC now owns 2,653 shares of the energy giant’s stock worth $116,000 after acquiring an additional 1,368 shares during the period. Burt Wealth Advisors lifted its holdings in Exelon by 81.6% during the third quarter. Burt Wealth Advisors now owns 2,884 shares of the energy giant’s stock worth $126,000 after acquiring an additional 1,296 shares during the period. TRUE Private Wealth Advisors bought a new stake in Exelon during the third quarter worth $152,000. Finally, Tower Research Capital LLC TRC bought a new stake in Exelon during the second quarter worth $160,000. Institutional investors own 78.89% of the company’s stock.
NYSE:EXC opened at $45.04 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16. Exelon Co. has a 1 year low of $35.57 and a 1 year high of $45.29. The firm has a market capitalization of $43.20 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.87 and a beta of 0.26.
Exelon (NYSE:EXC) last released its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.88. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The business had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.74 billion. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Exelon Co. will post 3.12 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders 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 yield of 3.06%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio is currently 53.08%.
A number of brokerages recently commented on EXC. Mizuho reiterated a “hold” rating and set a $40.00 price target on shares of Exelon in a report on Monday, August 6th. Morgan Stanley lifted their price target on Exelon from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered Exelon from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Macquarie lifted their price target on Exelon from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Finally, SunTrust Banks reiterated a “hold” rating and set a $45.00 price target on shares of Exelon in a report on Monday, September 24th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Exelon has an average rating of “Hold” and a consensus target price 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.
Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.