Toroso Investments LLC Acquires 8,510 Shares of Exelon Co. (NASDAQ:EXC)

Toroso Investments LLC raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 56.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,454 shares of the company’s stock after buying an additional 8,510 shares during the quarter. Toroso Investments LLC’s holdings in Exelon were worth $982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Exelon in the 1st quarter worth approximately $270,000. Cibc World Market Inc. boosted its stake in Exelon by 21.4% during the first quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock worth $947,000 after buying an additional 3,509 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Exelon by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock worth $98,262,000 after buying an additional 12,105 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Exelon by 8.8% in the 1st quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock valued at $219,000 after buying an additional 376 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Exelon by 77.9% in the 1st quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock valued at $18,117,000 after buying an additional 166,614 shares in the last quarter. Institutional investors and hedge funds own 81.38% of the company’s stock.

Exelon Stock Down 0.4 %

Shares of Exelon stock opened at $41.49 on Tuesday. Exelon Co. has a 12 month low of $35.19 and a 12 month high of $44.37. The business has a fifty day simple moving average of $40.71 and a 200 day simple moving average of $41.01. The company has a quick ratio of 0.86, a current ratio of 0.95 and a debt-to-equity ratio of 1.59. The stock has a market cap of $41.29 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Exelon had a return on equity of 9.20% and a net margin of 10.66%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the prior year, the business posted $0.44 EPS. Exelon’s revenue was up 13.7% on a year-over-year basis. Research analysts predict that Exelon Co. will post 2.35 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, August 14th. Exelon’s dividend payout ratio is currently 67.92%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com started coverage on shares of Exelon in a research report on Wednesday, August 23rd. They issued a “sell” rating for the company. Guggenheim raised Exelon from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, July 7th. The Goldman Sachs Group initiated coverage on Exelon in a research note on Wednesday, June 7th. They set a “sell” rating and a $39.00 price objective for the company. BMO Capital Markets reduced their target price on shares of Exelon from $46.00 to $44.00 in a research note on Thursday, May 25th. Finally, Morgan Stanley cut their price target on shares of Exelon from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.10.

Exelon 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.