7,000 Shares in Exelon Co. (NASDAQ:EXC) Bought by West Tower Group LLC

West Tower Group LLC purchased a new stake in Exelon Co. (NASDAQ:EXC) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 7,000 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in shares of Exelon by 0.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,135,980 shares of the company’s stock valued at $46,064,000 after purchasing an additional 8,007 shares during the period. Qsemble Capital Management LP acquired a new stake in shares of Exelon in the 3rd quarter valued at about $3,522,000. Capital Square LLC raised its stake in shares of Exelon by 30.8% in the 3rd quarter. Capital Square LLC now owns 9,809 shares of the company’s stock valued at $398,000 after purchasing an additional 2,312 shares during the period. Private Trust Co. NA raised its stake in shares of Exelon by 4.8% in the 3rd quarter. Private Trust Co. NA now owns 8,593 shares of the company’s stock valued at $348,000 after purchasing an additional 390 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of Exelon in the 3rd quarter valued at about $9,318,000. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Scotiabank raised their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. 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, October 15th. 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. 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. Finally, Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.25.

Exelon Trading Up 1.1 %

Exelon stock opened at $39.13 on Tuesday. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. 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 $39.32 billion, a P/E ratio of 16.10, a PEG ratio of 2.76 and a beta of 0.54. The stock has a 50-day simple moving average of $39.61 and a 200 day simple moving average of $37.84.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.85 billion. During the same quarter last year, the company posted $0.67 earnings per share. Exelon’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Dividend Announcement

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 issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio 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.