Brooklyn Investment Group Acquires New Holdings in Exelon Co. (NASDAQ:EXC)

Brooklyn Investment Group bought a new stake in Exelon Co. (NASDAQ:EXC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,541 shares of the company’s stock, valued at approximately $184,000.

Several other large investors have also recently bought and sold shares of the stock. Czech National Bank boosted its holdings in shares of Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after acquiring an additional 15,389 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares during the period. Andra AP fonden lifted its position in Exelon by 56.4% in the second quarter. Andra AP fonden now owns 138,100 shares of the company’s stock worth $4,780,000 after purchasing an additional 49,800 shares during the period. Cetera Advisors LLC boosted its stake in Exelon by 33.6% during the 1st quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock valued at $2,146,000 after purchasing an additional 14,366 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Exelon by 1.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock valued at $52,249,000 after purchasing an additional 16,661 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Up 0.9 %

NASDAQ EXC opened at $39.49 on Wednesday. The firm’s 50 day moving average price is $39.60 and its two-hundred day moving average price is $37.85. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42. The stock has a market cap of $39.68 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.79 and a beta of 0.54.

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

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is 62.55%.

Analysts Set New Price Targets

EXC has been the subject of several research analyst reports. Jefferies Financial Group started coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. UBS Group lifted their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Scotiabank boosted their target price 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. Finally, Barclays raised their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exelon currently has a consensus rating of “Hold” and an average target price of $41.25.

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.