Harel Insurance Investments & Financial Services Ltd. Buys 6,321 Shares of Exelon Corporation $EXC

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 84.0% in the second quarter, Holdings Channel.com reports. The fund owned 13,847 shares of the company’s stock after buying an additional 6,321 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Exelon were worth $601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Strategic Financial Concepts LLC increased its holdings in Exelon by 40.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,500 shares of the company’s stock worth $326,000 after purchasing an additional 2,141 shares during the period. ANTIPODES PARTNERS Ltd increased its holdings in shares of Exelon by 255.5% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 2,641 shares of the company’s stock valued at $115,000 after acquiring an additional 1,898 shares during the period. AlphaStar Capital Management LLC increased its holdings in shares of Exelon by 11.8% in the 2nd quarter. AlphaStar Capital Management LLC now owns 35,374 shares of the company’s stock valued at $1,536,000 after acquiring an additional 3,731 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Exelon by 15.0% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,929 shares of the company’s stock worth $431,000 after buying an additional 1,298 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its stake in Exelon by 30.3% during the 2nd quarter. Simon Quick Advisors LLC now owns 9,623 shares of the company’s stock worth $418,000 after buying an additional 2,237 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on EXC. Weiss Ratings restated a “buy (b)” rating on shares of Exelon in a research note on Friday. UBS Group lifted their price target on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. TD Cowen assumed coverage on Exelon in a research report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. BTIG Research assumed coverage on Exelon in a research report on Tuesday, October 21st. They set a “neutral” rating for the company. Finally, Morgan Stanley lifted their price target on Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exelon currently has a consensus rating of “Moderate Buy” and an average target price of $50.55.

Exelon Stock Performance

Shares of EXC opened at $46.12 on Monday. The stock has a market cap of $46.58 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.93 and a beta of 0.40. The stock has a 50-day moving average of $45.22 and a two-hundred day moving average of $44.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a one year low of $35.94 and a one year high of $48.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, research analysts predict that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, November 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s payout ratio is 60.84%.

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.