11,000 Shares in Exelon Co. (NASDAQ:EXC) Acquired by Aquila Investment Management LLC

Aquila Investment Management LLC bought a new position in shares of Exelon Co. (NASDAQ:EXC) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 11,000 shares of the company’s stock, valued at approximately $446,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Foundations Investment Advisors LLC increased its position in Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after purchasing an additional 255 shares in the last quarter. Black Diamond Financial LLC grew its position in Exelon by 2.0% in the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after acquiring an additional 279 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Exelon by 3.3% in the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after acquiring an additional 304 shares in the last quarter. Ledyard National Bank grew its position in Exelon by 5.1% in the third quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock valued at $257,000 after acquiring an additional 308 shares in the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in Exelon by 3.4% in the second quarter. Johnson Investment Counsel Inc. now owns 9,381 shares of the company’s stock valued at $325,000 after acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of several recent research reports. Scotiabank increased their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. UBS Group increased their price objective on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company increased their price objective 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. Morgan Stanley raised their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group assumed coverage on shares of Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.33.

Exelon Stock Performance

Shares of EXC opened at $40.53 on Wednesday. The business’s fifty day moving average price is $39.31 and its 200 day moving average price is $37.57. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.48. The stock has a market capitalization of $40.55 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.96 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.03 and a quick ratio of 0.93.

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

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s payout ratio is 62.55%.

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.