Versant Capital Management Inc Boosts Holdings in Exelon Co. (NASDAQ:EXC)

Versant Capital Management Inc boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 646.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 776 shares of the company’s stock after buying an additional 672 shares during the quarter. Versant Capital Management Inc’s holdings in Exelon were worth $27,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EXC. TD Asset Management Inc lifted its position in shares of Exelon by 2.3% during the fourth quarter. TD Asset Management Inc now owns 1,018,676 shares of the company’s stock worth $36,570,000 after purchasing an additional 23,270 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Exelon by 16.3% in the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after acquiring an additional 14,749,899 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Exelon by 33.9% in the fourth quarter. National Bank of Canada FI now owns 1,096,272 shares of the company’s stock valued at $39,968,000 after acquiring an additional 277,635 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Exelon by 10.5% in the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock valued at $61,830,000 after acquiring an additional 156,201 shares in the last quarter. Finally, Duality Advisers LP raised its holdings in shares of Exelon by 225.3% in the fourth quarter. Duality Advisers LP now owns 122,009 shares of the company’s stock valued at $4,380,000 after acquiring an additional 84,498 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXC has been the subject of several recent research reports. Barclays lifted their price objective on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Wells Fargo & Company lifted 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. Morgan Stanley reduced their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Scotiabank reduced their target price on shares of Exelon from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, BMO Capital Markets boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.27.

Exelon Stock Up 1.3 %

Shares of EXC stock traded up $0.49 during trading hours on Wednesday, reaching $38.08. 1,714,324 shares of the company’s stock were exchanged, compared to its average volume of 6,831,784. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $42.15. The stock has a market cap of $38.08 billion, a PE ratio of 16.20, a PEG ratio of 2.79 and a beta of 0.52. 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 stock’s fifty day moving average price is $35.87 and its two-hundred day moving average price is $36.28.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Exelon had a return on equity of 9.40% and a net margin of 10.65%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Research analysts predict that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.99%. Exelon’s dividend payout ratio is currently 65.52%.

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.