Dynamic Technology Lab Private Ltd Has $240,000 Holdings in Exelon Co. (NASDAQ:EXC)

Dynamic Technology Lab Private Ltd decreased its stake in shares of Exelon Co. (NASDAQ:EXC) by 93.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,934 shares of the company’s stock after selling 79,005 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Exelon were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc raised its stake in shares of Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after purchasing an additional 672 shares during the period. J.Safra Asset Management Corp acquired a new stake in Exelon in the 2nd quarter valued at approximately $28,000. American National Bank & Trust lifted its stake in Exelon by 178.8% in the 3rd quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after acquiring an additional 447 shares in the last quarter. Abound Wealth Management boosted its position 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 last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of Exelon during the 3rd quarter worth approximately $32,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Exelon Trading Up 0.1 %

Shares of Exelon stock opened at $39.56 on Monday. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The company has a market capitalization of $39.75 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 2.82 and a beta of 0.54. The business has a fifty day simple moving average of $39.59 and a two-hundred day simple moving average of $37.88. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97.

Exelon (NASDAQ:EXC) last announced 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. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. Exelon’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Research analysts forecast that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.84%. Exelon’s dividend payout ratio (DPR) 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.