Bank of Montreal Can Buys 15,620 Shares of Exelon Co. (NASDAQ:EXC)

Bank of Montreal Can lifted its position in shares of Exelon Co. (NASDAQ:EXC) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 3,438,056 shares of the company’s stock after acquiring an additional 15,620 shares during the period. Bank of Montreal Can’s holdings in Exelon were worth $120,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new position in shares of Exelon in the 1st quarter worth approximately $26,000. Heritage Wealth Advisors boosted its holdings in shares of Exelon by 247.5% in the fourth quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock worth $25,000 after acquiring an additional 495 shares during the period. Register Financial Advisors LLC bought a new position in shares of Exelon in the first quarter worth $26,000. Versant Capital Management Inc boosted its holdings in shares of Exelon by 646.2% in the second 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. Finally, J.Safra Asset Management Corp bought a new position in shares of Exelon in the second quarter worth $28,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EXC. Morgan Stanley raised their price target on Exelon from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. 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. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective on the stock. Scotiabank lifted their price objective on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, Barclays boosted their price target on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.83.

Exelon Stock Performance

EXC stock opened at $40.40 on Tuesday. The stock has a market capitalization of $40.40 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.66. The stock’s 50 day simple moving average is $37.93 and its 200 day simple moving average is $37.08. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.48.

Exelon (NASDAQ:EXC) last posted 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. The firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the prior year, the business posted $0.41 EPS. As a group, research analysts forecast that Exelon Co. will post 2.44 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.76%. Exelon’s payout ratio is 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.