Citigroup Inc. Acquires 42,944 Shares of Exelon Co. (NASDAQ:EXC)

Citigroup Inc. raised its holdings in Exelon Co. (NASDAQ:EXC) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,215,455 shares of the company’s stock after acquiring an additional 42,944 shares during the quarter. Citigroup Inc.’s holdings in Exelon were worth $49,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXC. Los Angeles Capital Management LLC raised its holdings in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock worth $124,024,000 after purchasing an additional 3,115,763 shares during the period. Swedbank AB acquired a new stake in Exelon in the first quarter worth $96,859,000. International Assets Investment Management LLC raised its holdings in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after purchasing an additional 1,021,731 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Exelon by 101.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock worth $54,539,000 after purchasing an additional 678,490 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Exelon by 44.0% during the third quarter. Jennison Associates LLC now owns 1,830,435 shares of the company’s stock worth $74,224,000 after acquiring an additional 558,977 shares during the period. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXC has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Wells Fargo & Company raised their price objective 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. UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley dropped their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Down 1.5 %

Shares of EXC stock opened at $38.71 on Monday. 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 1 year low of $33.35 and a 1 year high of $41.42. The firm’s fifty day moving average price is $39.64 and its two-hundred day moving average price is $37.83. The firm has a market capitalization of $38.90 billion, a P/E ratio of 15.93, a PEG ratio of 2.81 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts predict that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is presently 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.