Exelon Co. (NASDAQ:EXC) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in Exelon Co. (NASDAQ:EXC) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,159,783 shares of the company’s stock after buying an additional 36,734 shares during the quarter. Principal Financial Group Inc.’s holdings in Exelon were worth $47,029,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. M&G PLC lifted its stake in shares of Exelon by 8.7% in the 3rd quarter. M&G PLC now owns 2,889,851 shares of the company’s stock valued at $118,484,000 after purchasing an additional 231,751 shares during the last quarter. Harvest Portfolios Group Inc. bought a new position in Exelon during the third quarter valued at about $6,043,000. Radnor Capital Management LLC lifted its position in shares of Exelon by 1.8% in the third quarter. Radnor Capital Management LLC now owns 36,925 shares of the company’s stock worth $1,497,000 after buying an additional 649 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Exelon by 63.4% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,598 shares of the company’s stock worth $65,000 after acquiring an additional 620 shares in the last quarter. Finally, World Equity Group Inc. increased its holdings in shares of Exelon by 15.4% during the 3rd quarter. World Equity Group Inc. now owns 15,550 shares of the company’s stock valued at $631,000 after acquiring an additional 2,071 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

Shares of EXC stock opened at $38.11 on Monday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $41.42. The company has a market capitalization of $38.29 billion, a P/E ratio of 15.68, a P/E/G ratio of 2.72 and a beta of 0.54. The stock has a 50 day moving average of $39.69 and a two-hundred day moving average of $37.76. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Exelon had a return on equity of 9.47% and a net margin of 10.60%. Exelon’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. As a group, equities analysts expect that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. Exelon’s payout ratio is currently 62.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company raised their target price 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. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Exelon presently has a consensus 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.