Empowered Funds LLC Purchases 1,367 Shares of Exelon Co. (NASDAQ:EXC)

Empowered Funds LLC raised its holdings in Exelon Co. (NASDAQ:EXC) by 8.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,980 shares of the company’s stock after acquiring an additional 1,367 shares during the period. Empowered Funds LLC’s holdings in Exelon were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its position in Exelon by 2.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after purchasing an additional 113,428 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after acquiring an additional 3,115,763 shares during the last quarter. Bank of Montreal Can raised its position in Exelon by 0.5% during the second quarter. Bank of Montreal Can now owns 3,438,056 shares of the company’s stock valued at $120,710,000 after purchasing an additional 15,620 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Exelon by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company’s stock worth $112,364,000 after purchasing an additional 237,950 shares during the last quarter. Finally, M&G PLC boosted its holdings in shares of Exelon by 8.7% in the 3rd quarter. M&G PLC now owns 2,889,851 shares of the company’s stock worth $118,484,000 after purchasing an additional 231,751 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group raised 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. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company lifted their price objective on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Barclays increased their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Exelon presently has an average rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Performance

Shares of EXC opened at $38.71 on Friday. 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 stock has a market cap of $38.90 billion, a P/E ratio of 15.93, a P/E/G ratio of 2.81 and a beta of 0.54. The business’s 50 day moving average price is $39.64 and its 200-day moving average price is $37.83. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42.

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

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.93%. Exelon’s dividend payout ratio is currently 62.55%.

Exelon Company 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.