OneDigital Investment Advisors LLC Raises Stock Holdings in Exelon Co. (NASDAQ:EXC)

OneDigital Investment Advisors LLC raised its holdings in Exelon Co. (NASDAQ:EXC) by 10.1% during the 3rd quarter, Holdings Channel reports. The firm owned 6,955 shares of the company’s stock after buying an additional 638 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Exelon were worth $282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Metis Global Partners LLC increased its holdings in Exelon by 12.5% in the 3rd quarter. Metis Global Partners LLC now owns 85,400 shares of the company’s stock worth $3,463,000 after acquiring an additional 9,469 shares in the last quarter. KBC Group NV grew its position in shares of Exelon by 65.5% in the third quarter. KBC Group NV now owns 148,055 shares of the company’s stock valued at $6,004,000 after purchasing an additional 58,620 shares during the period. Huntington National Bank increased its stake in shares of Exelon by 16.8% during the third quarter. Huntington National Bank now owns 57,429 shares of the company’s stock worth $2,329,000 after purchasing an additional 8,264 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of Exelon by 67,163.6% during the 3rd quarter. Plato Investment Management Ltd now owns 29,596 shares of the company’s stock worth $1,199,000 after purchasing an additional 29,552 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd lifted its stake in Exelon by 18.9% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 13,061 shares of the company’s stock valued at $530,000 after buying an additional 2,076 shares in the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXC shares. Jefferies Financial Group initiated coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. UBS Group increased their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Wells Fargo & Company increased their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.25.

Exelon Stock Down 1.5 %

Shares of EXC opened at $38.71 on Friday. The firm has a market cap of $38.90 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.79 and a beta of 0.54. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The company’s 50-day moving average price is $39.64 and its 200 day moving average price is $37.83.

Exelon (NASDAQ:EXC) last released its quarterly 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 during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts forecast 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 will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued 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 yield of 3.93%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

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.