Meeder Advisory Services Inc. Acquires 1,153 Shares of Exelon Co. (NASDAQ:EXC)

Meeder Advisory Services Inc. boosted its holdings in Exelon Co. (NASDAQ:EXC) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,370 shares of the company’s stock after acquiring an additional 1,153 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Exelon were worth $907,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EXC. Lazard Asset Management LLC raised its holdings in shares of Exelon by 112.4% in the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after purchasing an additional 16,686,526 shares during the last quarter. Los Angeles Capital Management LLC grew its position 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 purchasing an additional 3,115,763 shares in the last quarter. Swedbank AB purchased a new stake in Exelon in the 1st quarter valued at about $96,859,000. International Assets Investment Management LLC lifted its position in shares of Exelon by 4,103.5% during the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after buying an additional 1,021,731 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Exelon by 101.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock worth $54,539,000 after buying an additional 678,490 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Down 0.3 %

EXC stock opened at $39.10 on Wednesday. The stock has a 50-day simple moving average of $39.69 and a two-hundred day simple moving average of $37.81. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $41.42. The firm has a market capitalization of $39.29 billion, a PE ratio of 16.09, a PEG ratio of 2.79 and a beta of 0.54. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. Exelon’s revenue for the quarter 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. Exelon’s dividend payout ratio (DPR) is presently 62.55%.

Wall Street Analyst Weigh In

A number of analysts recently commented on EXC shares. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley boosted their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. 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 boosted their target price on shares of Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and an average target price 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.