Clarius Group LLC Grows Position in Exelon Co. (NASDAQ:EXC)

Clarius Group LLC raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 27.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,001 shares of the company’s stock after purchasing an additional 1,498 shares during the period. Clarius Group LLC’s holdings in Exelon were worth $264,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXC. JPMorgan Chase & Co. lifted its holdings in Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after buying an additional 3,068,309 shares during the period. State Street Corp lifted its stake in shares of Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after purchasing an additional 2,018,604 shares during the last quarter. FMR LLC boosted its position in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Exelon by 212.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company’s stock valued at $71,647,000 after purchasing an additional 1,293,753 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley lowered their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Finally, Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.29.

Exelon Stock Performance

Shares of EXC stock opened at $39.42 on Monday. The business has a fifty day moving average of $38.01 and a 200 day moving average of $38.21. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market capitalization of $39.61 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.48 and a beta of 0.55.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. As a group, research analysts expect that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. Exelon’s dividend payout ratio is presently 62.55%.

Exelon Company 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.