Exelon Co. (NASDAQ:EXC) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Exelon Co. (NASDAQ:EXC) by 131.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 609,729 shares of the company’s stock after acquiring an additional 345,890 shares during the period. Assenagon Asset Management S.A.’s holdings in Exelon were worth $24,725,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in Exelon by 112.4% during 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 in the last quarter. Vanguard Group Inc. raised its stake in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after buying an additional 14,749,899 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Exelon by 666.2% in the 2nd 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. Swedbank AB purchased a new stake in shares of Exelon in the first quarter valued at approximately $96,859,000. Finally, M&G Plc purchased a new stake in shares of Exelon in the first quarter valued at approximately $89,266,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Down 1.6 %

Shares of EXC stock opened at $40.07 on Friday. The company has a market capitalization of $40.07 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.93 and a beta of 0.53. 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 has a 50-day moving average price of $39.49 and a 200 day moving average price of $37.62. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.48.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the prior year, the business posted $0.41 earnings per share. Research analysts forecast that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently announced 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 of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.79%. Exelon’s payout ratio is 65.52%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Scotiabank boosted their target price 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. UBS Group upped their target price 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. Wells Fargo & Company lifted their price target on shares of 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, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Finally, Barclays raised their price target on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus target price of $41.33.

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.