Empowered Funds LLC Has $689,000 Stock Holdings in Exelon Co. (NASDAQ:EXC)

Empowered Funds LLC lifted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 8.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,980 shares of the company’s stock after buying an additional 1,367 shares during the period. Empowered Funds LLC’s holdings in Exelon were worth $689,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EXC. Empirical Finance LLC lifted its stake in shares of Exelon by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 34,193 shares of the company’s stock valued at $1,387,000 after acquiring an additional 741 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Exelon by 5.8% in the 3rd quarter. CIBC Asset Management Inc now owns 310,238 shares of the company’s stock valued at $12,580,000 after buying an additional 17,135 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in Exelon by 10.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock worth $282,000 after buying an additional 638 shares during the period. Metis Global Partners LLC grew its holdings in Exelon by 12.5% during the 3rd quarter. Metis Global Partners LLC now owns 85,400 shares of the company’s stock worth $3,463,000 after acquiring an additional 9,469 shares during the last quarter. Finally, KBC Group NV increased its position in Exelon by 65.5% in the 3rd quarter. KBC Group NV now owns 148,055 shares of the company’s stock valued at $6,004,000 after acquiring an additional 58,620 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on EXC. Scotiabank boosted their price objective on shares of 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 target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley decreased their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday. Barclays boosted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set 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 assigned a buy rating to the company. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average price target of $41.25.

Exelon Price Performance

Shares of EXC opened at $38.71 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The business’s fifty day moving average is $39.64 and its 200 day moving average is $37.83. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The stock has a market cap of $38.90 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.54.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 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 the consensus estimate of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. Sell-side analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.93%. Exelon’s payout ratio is presently 62.55%.

About Exelon

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.