Gulf International Bank UK Ltd Decreases Position in Exelon Co. (NASDAQ:EXC)

Gulf International Bank UK Ltd lessened its holdings in Exelon Co. (NASDAQ:EXC) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,669 shares of the company’s stock after selling 3,296 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Exelon were worth $3,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in EXC. Vanguard Group Inc. grew its holdings in Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after acquiring an additional 16,686,526 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Exelon by 2.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after acquiring an additional 113,428 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Exelon by 4.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock worth $164,623,000 after acquiring an additional 193,223 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Exelon by 666.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after acquiring an additional 3,115,763 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 0.4 %

Shares of Exelon stock opened at $38.32 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a market capitalization of $38.51 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42. The company has a 50-day simple moving average of $39.68 and a two-hundred day simple moving average of $37.75.

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

Exelon Dividend Announcement

The company 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 $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 annualized dividend and a yield of 3.97%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Analyst Ratings Changes

EXC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Morgan Stanley lifted their target price on shares of Exelon from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Scotiabank lifted their target price 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. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Barclays lifted their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. 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 a consensus price target of $41.33.

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.