Valeo Financial Advisors LLC Buys Shares of 5,669 Exelon Co. (NASDAQ:EXC)

Valeo Financial Advisors LLC bought a new stake in Exelon Co. (NASDAQ:EXC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,669 shares of the company’s stock, valued at approximately $230,000.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after purchasing an additional 14,749,899 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Exelon by 112.4% during the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after acquiring an additional 16,686,526 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Exelon by 2.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after acquiring an additional 113,428 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Exelon by 4.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after acquiring an additional 193,223 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Exelon by 666.2% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Performance

EXC stock opened at $40.56 on Wednesday. The stock has a 50-day moving average price of $38.97 and a 200-day moving average price of $37.44. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.48. 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 firm has a market cap of $40.56 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share 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 firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same period last year, the company posted $0.41 EPS. As a group, equities research analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.75%. Exelon’s dividend payout ratio is presently 65.52%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday. Morgan Stanley raised their price objective on Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company raised their price objective on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. 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. Finally, Jefferies Financial Group initiated coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Exelon presently has an average rating of “Hold” and an average target price of $41.33.

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.