Axa S.A. Acquires 55,403 Shares of Exelon Co. (NASDAQ:EXC)

Axa S.A. grew its holdings in Exelon Co. (NASDAQ:EXC) by 9.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 626,113 shares of the company’s stock after buying an additional 55,403 shares during the quarter. Axa S.A.’s holdings in Exelon were worth $21,670,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Register Financial Advisors LLC bought a new stake in shares of Exelon in the first quarter valued at approximately $26,000. Crewe Advisors LLC bought a new stake in Exelon during the 1st quarter worth approximately $26,000. Versant Capital Management Inc increased its holdings in Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after acquiring an additional 672 shares during the period. J.Safra Asset Management Corp bought a new stake in Exelon during the 2nd quarter worth approximately $28,000. Finally, Abound Wealth Management increased its holdings in Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after acquiring an additional 744 shares during the period. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank upped 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. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Morgan Stanley upped their target price on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Barclays upped their target price on shares of Exelon from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Exelon has an average rating of “Hold” and an average price target of $41.08.

Exelon Price Performance

Shares of Exelon stock opened at $39.93 on Friday. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The stock has a market capitalization of $39.95 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53. The company has a fifty day moving average of $38.16 and a 200-day moving average of $37.15. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data 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. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the prior year, the company earned $0.41 EPS. Equities research analysts expect that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.81%. Exelon’s payout ratio is currently 65.52%.

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.