Profund Advisors LLC Raises Position in Exelon Co. (NASDAQ:EXC)

Profund Advisors LLC grew its holdings in shares of Exelon Co. (NASDAQ:EXC) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,358 shares of the company’s stock after purchasing an additional 17,108 shares during the period. Profund Advisors LLC’s holdings in Exelon were worth $4,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc lifted its holdings in shares of Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after purchasing an additional 23,270 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares during the period. Clearbridge Investments LLC increased its position in shares of Exelon by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after acquiring an additional 156,201 shares during the period. Czech National Bank increased its position in shares of Exelon by 8.8% in the 2nd quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after acquiring an additional 15,389 shares during the period. Finally, Sciencast Management LP acquired a new position in shares of Exelon in the 1st quarter valued at $1,461,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EXC shares. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday. They issued a “buy” rating and a $46.00 target price on the stock. Morgan Stanley increased their price target on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Barclays increased 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. Finally, UBS Group increased their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus price target of $40.83.

Exelon Price Performance

NASDAQ:EXC opened at $40.27 on Friday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66. The stock has a market capitalization 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 stock’s 50-day moving average price is $37.83 and its 200-day moving average price is $37.06.

Exelon (NASDAQ:EXC) last posted its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the firm earned $0.41 EPS. As a group, equities analysts expect that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Dividend Announcement

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

Exelon 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.