Lincoln National Corp Acquires 3,332 Shares of Exelon Co. (NASDAQ:EXC)

Lincoln National Corp boosted its holdings in Exelon Co. (NASDAQ:EXCGet Rating) by 11.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,982 shares of the company’s stock after acquiring an additional 3,332 shares during the quarter. Lincoln National Corp’s holdings in Exelon were worth $1,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hallmark Capital Management Inc. purchased a new stake in Exelon during the 2nd quarter valued at $32,000. Prentice Wealth Management LLC purchased a new stake in Exelon during the 2nd quarter valued at $36,000. Money Concepts Capital Corp raised its stake in Exelon by 55.4% during the 3rd quarter. Money Concepts Capital Corp now owns 1,004 shares of the company’s stock valued at $38,000 after buying an additional 358 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Exelon during the 2nd quarter valued at $41,000. Finally, Vectors Research Management LLC raised its stake in Exelon by 85.4% during the 2nd quarter. Vectors Research Management LLC now owns 927 shares of the company’s stock valued at $42,000 after buying an additional 427 shares during the last quarter. 80.60% of the stock is owned by institutional investors.

Exelon Stock Down 0.7 %

EXC opened at $41.51 on Wednesday. The firm’s 50-day moving average is $41.90. Exelon Co. has a 52 week low of $35.19 and a 52 week high of $50.71. The company has a market cap of $41.25 billion, a P/E ratio of 19.22, a PEG ratio of 2.67 and a beta of 0.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.81 and a quick ratio of 0.72.

Exelon (NASDAQ:EXCGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Exelon had a net margin of 8.85% and a return on equity of 10.12%. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was down 45.6% compared to the same quarter last year. As a group, sell-side analysts expect that Exelon Co. will post 2.27 earnings per share for the current year.

Exelon Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were issued a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, November 14th. Exelon’s payout ratio is 62.50%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. Mizuho decreased their target price on shares of Exelon from $47.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Credit Suisse Group upped their price objective on Exelon from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday. BMO Capital Markets reduced their price objective on Exelon from $51.00 to $41.00 in a research note on Tuesday, October 18th. Guggenheim reduced their price objective on Exelon from $49.00 to $40.00 in a research note on Monday, October 24th. Finally, Wells Fargo & Company upped their price objective on Exelon to $47.00 in a research note on Wednesday, December 14th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.00.

Exelon Profile

(Get Rating)

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

Featured Articles

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NASDAQ:EXCGet Rating).

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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.