Strs Ohio Increases Stake in Exelon Corporation $EXC

Strs Ohio raised its position in Exelon Corporation (NASDAQ:EXC) by 6.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 728,379 shares of the company’s stock after purchasing an additional 43,692 shares during the period. Strs Ohio owned 0.07% of Exelon worth $31,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in Exelon by 1.4% in the 2nd quarter. Amalgamated Bank now owns 200,033 shares of the company’s stock valued at $8,685,000 after purchasing an additional 2,809 shares in the last quarter. Atria Investments Inc lifted its holdings in Exelon by 38.3% in the 2nd quarter. Atria Investments Inc now owns 24,155 shares of the company’s stock valued at $1,049,000 after purchasing an additional 6,687 shares in the last quarter. Carret Asset Management LLC increased its stake in shares of Exelon by 2.5% in the 2nd quarter. Carret Asset Management LLC now owns 10,899 shares of the company’s stock worth $473,000 after acquiring an additional 265 shares during the last quarter. Assetmark Inc. increased its stake in shares of Exelon by 12.1% in the 2nd quarter. Assetmark Inc. now owns 50,830 shares of the company’s stock worth $2,207,000 after acquiring an additional 5,505 shares during the last quarter. Finally, Keybank National Association OH increased its stake in shares of Exelon by 12.8% in the 2nd quarter. Keybank National Association OH now owns 14,056 shares of the company’s stock worth $610,000 after acquiring an additional 1,591 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EXC shares. TD Cowen assumed coverage on shares of Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target for the company. Morgan Stanley raised their price target on shares of Exelon from $49.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. UBS Group boosted their price objective on Exelon from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised Exelon to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.55.

Exelon Trading Down 0.3%

NASDAQ:EXC opened at $47.07 on Friday. The stock has a fifty day moving average price of $45.19 and a two-hundred day moving average price of $44.57. The stock has a market capitalization of $47.54 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.93 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a 1 year low of $35.94 and a 1 year high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.Exelon’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share. As a group, sell-side analysts anticipate that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.4%. Exelon’s dividend payout ratio is presently 60.84%.

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.