BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 72,613 Shares of Exelon Co. (NASDAQ:EXC)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 61.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 191,461 shares of the company’s stock after acquiring an additional 72,613 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Exelon were worth $6,628,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Exelon by 5.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 141,586 shares of the company’s stock valued at $5,083,000 after purchasing an additional 7,215 shares during the last quarter. Congress Wealth Management LLC DE purchased a new stake in Exelon during the 4th quarter valued at approximately $220,000. TD Asset Management Inc grew its holdings in Exelon by 2.3% during the 4th quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock valued at $36,570,000 after buying an additional 23,270 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Exelon by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 441,232 shares of the company’s stock valued at $15,840,000 after acquiring an additional 4,310 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its holdings in shares of Exelon by 124,566.7% in the fourth quarter. TFO Wealth Partners LLC now owns 7,480 shares of the company’s stock valued at $269,000 after purchasing an additional 7,474 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $39.93 on Friday. The business’s 50 day moving average price is $38.16 and its 200 day moving average price is $37.15. The firm has a market cap of $39.95 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.92 and a beta of 0.53. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.48. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. On average, sell-side 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 was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s payout ratio is 65.52%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Scotiabank raised their target price on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. 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. UBS Group lifted their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, Barclays boosted 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 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, the company has a consensus rating of “Hold” and a consensus target price of $41.08.

About Exelon

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.