Exelon Co. (NASDAQ:EXC) Shares Acquired by Czech National Bank

Czech National Bank grew its position in shares of Exelon Co. (NASDAQ:EXC) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 203,710 shares of the company’s stock after buying an additional 13,173 shares during the period. Czech National Bank’s holdings in Exelon were worth $8,260,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Register Financial Advisors LLC acquired a new position in Exelon during the 1st quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in shares of Exelon during the first quarter worth approximately $26,000. Versant Capital Management Inc grew its holdings in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Exelon in the 2nd quarter valued at approximately $28,000. Finally, American National Bank & Trust raised its stake in Exelon by 178.8% during the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 1.4 %

EXC stock opened at $40.21 on Friday. The business has a fifty day moving average price of $38.67 and a 200 day moving average price of $37.30. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48. The stock has a market capitalization of $40.21 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 2.92 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.

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. The business 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 quarter in the prior year, the firm posted $0.41 earnings per share. Analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.78%. Exelon’s dividend payout ratio is currently 65.52%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EXC shares. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Barclays boosted their price objective on Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Scotiabank boosted their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, UBS Group boosted their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Exelon presently has an average rating of “Hold” and a consensus target price of $41.08.

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.