Exelon Co. (NASDAQ:EXC) Stake Boosted by Bank of Montreal Can

Bank of Montreal Can lifted its stake in Exelon Co. (NASDAQ:EXC) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,438,056 shares of the company’s stock after acquiring an additional 15,620 shares during the quarter. Bank of Montreal Can owned approximately 0.34% of Exelon worth $120,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EXC. Wells Fargo & Company MN increased its position in Exelon by 5.6% during the fourth quarter. Wells Fargo & Company MN now owns 847,610 shares of the company’s stock worth $30,429,000 after acquiring an additional 44,982 shares during the period. D.A. Davidson & CO. increased its stake in shares of Exelon by 1.8% in the fourth quarter. D.A. Davidson & CO. now owns 23,016 shares of the company’s stock valued at $826,000 after buying an additional 414 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Exelon by 42.5% in the fourth quarter. Assetmark Inc. now owns 28,175 shares of the company’s stock valued at $1,011,000 after buying an additional 8,400 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Exelon by 86.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,783 shares of the company’s stock valued at $64,000 after buying an additional 825 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Exelon by 5.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 141,586 shares of the company’s stock worth $5,083,000 after buying an additional 7,215 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Stock Performance

Shares of NASDAQ EXC opened at $40.40 on Tuesday. Exelon Co. has a one year low of $33.35 and a one year high of $41.48. The firm has a market cap of $40.40 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93. The stock’s fifty day moving average price is $37.93 and its two-hundred day moving average price is $37.08.

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

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is presently 65.52%.

Analysts Set New Price Targets

EXC has been the subject of several research reports. Morgan Stanley raised their price objective on shares of Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Barclays raised 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. Wells Fargo & Company boosted their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.