Allspring Global Investments Holdings LLC Has $16.84 Million Position in Exelon Co. (NASDAQ:EXC)

Allspring Global Investments Holdings LLC lowered its position in shares of Exelon Co. (NASDAQ:EXC) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 415,270 shares of the company’s stock after selling 23,825 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Exelon were worth $16,839,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings 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 valued at $3,956,525,000 after buying an additional 14,749,899 shares during the period. Lazard Asset Management LLC boosted its holdings 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 valued at $1,184,483,000 after buying an additional 16,686,526 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after buying an additional 113,428 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Exelon by 4.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after buying an additional 193,223 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings 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 valued at $124,024,000 after buying an additional 3,115,763 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the topic of a number of research reports. Morgan Stanley boosted their price objective on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Barclays boosted their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Exelon in a research report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. 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 report on Tuesday, August 20th. Finally, UBS Group boosted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Stock Performance

NASDAQ EXC opened at $40.71 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The firm’s fifty day moving average price is $39.38 and its two-hundred day moving average price is $37.59. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.48. The firm has a market capitalization of $40.73 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Monday, August 12th. Exelon’s payout ratio is presently 62.55%.

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.