UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 160,313 Shares of Exelon Co. (NASDAQ:EXC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Exelon Co. (NASDAQ:EXC) by 1.8% in the third quarter, HoldingsChannel reports. The firm owned 8,967,343 shares of the company’s stock after buying an additional 160,313 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Exelon were worth $363,626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EXC. B. Riley Wealth Advisors Inc. grew its stake in shares of Exelon by 10.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,248 shares of the company’s stock valued at $841,000 after acquiring an additional 2,075 shares during the period. Tidal Investments LLC grew its stake in shares of Exelon by 97.1% during the 1st quarter. Tidal Investments LLC now owns 69,268 shares of the company’s stock valued at $2,602,000 after acquiring an additional 34,132 shares during the period. Virtu Financial LLC bought a new position in shares of Exelon during the 1st quarter valued at approximately $252,000. Cetera Investment Advisers grew its stake in shares of Exelon by 262.5% during the 1st quarter. Cetera Investment Advisers now owns 162,301 shares of the company’s stock valued at $6,098,000 after acquiring an additional 117,532 shares during the period. Finally, Cetera Advisors LLC grew its stake in shares of Exelon by 33.6% during the 1st quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock valued at $2,146,000 after acquiring an additional 14,366 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Scotiabank boosted their price target on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Morgan Stanley cut their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Barclays increased their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Up 0.1 %

NASDAQ EXC opened at $39.51 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The company has a market capitalization of $39.70 billion, a P/E ratio of 16.26, a P/E/G ratio of 2.82 and a beta of 0.54. Exelon Co. has a one year low of $33.35 and a one year high of $41.42. The stock has a 50 day moving average price of $39.60 and a 200-day moving average price of $37.88.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. As a group, equities analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. Exelon’s dividend payout ratio is presently 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.