Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Exelon Co. (NASDAQ:EXC)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Exelon Co. (NASDAQ:EXC) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,655 shares of the company’s stock after purchasing an additional 43,313 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Exelon were worth $10,323,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EXC. Middleton & Co. Inc. MA lifted its position in shares of Exelon by 5.5% in the third quarter. Middleton & Co. Inc. MA now owns 95,166 shares of the company’s stock valued at $3,859,000 after acquiring an additional 4,988 shares in the last quarter. Allworth Financial LP lifted its holdings in Exelon by 1.5% in the 3rd quarter. Allworth Financial LP now owns 20,801 shares of the company’s stock valued at $843,000 after purchasing an additional 311 shares in the last quarter. Court Place Advisors LLC acquired a new stake in shares of Exelon during the 3rd quarter worth about $205,000. Blackston Financial Advisory Group LLC boosted its stake in shares of Exelon by 47.9% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 8,839 shares of the company’s stock worth $358,000 after purchasing an additional 2,863 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after buying an additional 285 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Trading Down 1.6 %

NASDAQ EXC opened at $40.07 on Monday. The firm 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 debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a one year low of $33.35 and a one year high of $41.48. The company’s 50 day moving average price is $39.49 and its 200 day moving average price is $37.63.

Exelon (NASDAQ:EXC) last issued 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. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same quarter last year, the firm posted $0.41 EPS. On average, sell-side analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is presently 65.52%.

Analyst Ratings Changes

EXC has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group raised their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Jefferies Financial Group started coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average 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.