Exelon Co. (NASDAQ:EXC) Shares Bought by StoneX Group Inc.

StoneX Group Inc. boosted its stake in shares of Exelon Co. (NASDAQ:EXC) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,140 shares of the company’s stock after purchasing an additional 466 shares during the quarter. StoneX Group Inc.’s holdings in Exelon were worth $1,303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American National Bank & Trust grew its holdings in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after buying an additional 447 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon during the third quarter worth approximately $32,000. J.Safra Asset Management Corp acquired a new position in shares of Exelon in the 2nd quarter worth $28,000. Finally, Abound Wealth Management raised its holdings in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after buying an additional 744 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent analyst reports. Barclays raised their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Scotiabank lifted their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.25.

Exelon Trading Down 1.5 %

Shares of NASDAQ EXC opened at $38.71 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.09 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. The company’s fifty day moving average is $39.64 and its 200-day moving average is $37.83. The stock has a market cap of $38.90 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 2.76 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts predict that Exelon Co. will post 2.46 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio is 62.55%.

Exelon 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.