GAMMA Investing LLC Has $640,000 Stock Position in Exelon Co. (NASDAQ:EXC)

GAMMA Investing LLC increased its position in shares of Exelon Co. (NASDAQ:EXC) by 29.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,778 shares of the company’s stock after buying an additional 3,616 shares during the quarter. GAMMA Investing LLC’s holdings in Exelon were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after purchasing an additional 3,115,763 shares during the last quarter. Swedbank AB purchased a new stake in shares of Exelon in the first quarter worth approximately $96,859,000. Finally, Wellington Management Group LLP raised its stake in shares of Exelon by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Exelon Price Performance

Exelon stock opened at $39.61 on Wednesday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The business has a 50-day simple moving average of $38.73 and a 200 day simple moving average of $37.33. 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 cap of $39.63 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.96 and a beta of 0.53.

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, topping 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 firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, research analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio (DPR) is currently 65.52%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EXC shares. UBS Group increased 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. Morgan Stanley lifted their price target on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group began coverage on Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Scotiabank lifted their price target on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays lifted their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exelon presently has a consensus rating of “Hold” and an average price target of $41.08.

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.