Jacobs Levy Equity Management Inc. Decreases Position in Exelon Co. (NASDAQ:EXC)

Jacobs Levy Equity Management Inc. trimmed its position in Exelon Co. (NASDAQ:EXC) by 66.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,465,237 shares of the company’s stock after selling 2,871,284 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.15% of Exelon worth $59,415,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its stake in shares of Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after buying an additional 3,115,763 shares in the last quarter. FMR LLC lifted its stake in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Exelon by 4,103.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after purchasing an additional 1,021,731 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Exelon by 101.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock worth $54,539,000 after purchasing an additional 678,490 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of Exelon by 44.0% in the third quarter. Jennison Associates LLC now owns 1,830,435 shares of the company’s stock valued at $74,224,000 after purchasing an additional 558,977 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on EXC. Barclays boosted their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley lowered their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Scotiabank raised their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group started coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Finally, UBS Group raised their price target on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.25.

Exelon Trading Down 0.6 %

EXC opened at $38.14 on Wednesday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $39.51 and a 200-day simple moving average of $37.87. The firm has a market cap of $38.32 billion, a P/E ratio of 15.70, a P/E/G ratio of 2.74 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company 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 revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. On average, equities analysts expect that Exelon Co. will post 2.45 earnings per share 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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s payout ratio is currently 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.