Magnetar Financial LLC Takes $4.64 Million Position in Exelon Co. (NASDAQ:EXC)

Magnetar Financial LLC acquired a new stake in shares of Exelon Co. (NASDAQ:EXC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 134,059 shares of the company’s stock, valued at approximately $4,640,000.

Other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in shares of Exelon by 50.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 169,592 shares of the company’s stock valued at $5,870,000 after buying an additional 56,762 shares in the last quarter. Nippon Life Global Investors Americas Inc. acquired a new stake in shares of Exelon during the 2nd quarter worth about $592,000. EverSource Wealth Advisors LLC increased its position in shares of Exelon by 69.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,071 shares of the company’s stock worth $151,000 after purchasing an additional 1,672 shares during the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Exelon by 35,975.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 10,101 shares of the company’s stock worth $350,000 after purchasing an additional 10,073 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in Exelon by 15.5% during the 2nd quarter. Profund Advisors LLC now owns 127,358 shares of the company’s stock valued at $4,408,000 after acquiring an additional 17,108 shares during the period. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of Exelon stock opened at $40.27 on Monday. The stock has a market cap of $40.29 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business has a fifty day simple moving average of $37.83 and a 200-day simple moving average of $37.06. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.48.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period last year, the company earned $0.41 earnings per share. On average, sell-side analysts anticipate that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.77%. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Wall Street Analyst Weigh In

EXC has been the subject of several recent research reports. Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays lifted their price target on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Jefferies Financial Group began coverage on Exelon in a report on Thursday. They issued a “buy” rating and a $46.00 target price on the stock. UBS Group boosted their target price on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday. Finally, Morgan Stanley lifted their price target on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.83.

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.