Qsemble Capital Management LP Acquires Shares of 86,859 Exelon Co. (NASDAQ:EXC)

Qsemble Capital Management LP bought a new position in shares of Exelon Co. (NASDAQ:EXC) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 86,859 shares of the company’s stock, valued at approximately $3,522,000.

A number of other large investors have also recently modified their holdings of EXC. BOKF NA grew its holdings in shares of Exelon by 7.6% during the 1st quarter. BOKF NA now owns 17,722 shares of the company’s stock valued at $660,000 after purchasing an additional 1,257 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Exelon by 1.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,390,685 shares of the company’s stock valued at $52,249,000 after acquiring an additional 16,661 shares during the last quarter. SVB Wealth LLC boosted its holdings in shares of Exelon by 6.5% during the 1st quarter. SVB Wealth LLC now owns 12,542 shares of the company’s stock valued at $471,000 after acquiring an additional 769 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Exelon by 10.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 22,248 shares of the company’s stock worth $841,000 after acquiring an additional 2,075 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Exelon by 97.1% in the first quarter. Tidal Investments LLC now owns 69,268 shares of the company’s stock valued at $2,602,000 after purchasing an additional 34,132 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Stock Up 1.1 %

Shares of NASDAQ EXC opened at $39.13 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market cap of $39.32 billion, a PE ratio of 16.10, a P/E/G ratio of 2.76 and a beta of 0.54. The company’s fifty day simple moving average is $39.61 and its 200 day simple moving average is $37.84. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Exelon Co. will post 2.46 earnings per share 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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.88%. Exelon’s dividend payout ratio is 62.55%.

Analyst Ratings Changes

Several analysts have recently weighed in on EXC shares. Barclays boosted their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. UBS Group upped their price target on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley decreased their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday. Finally, Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Exelon has an average rating of “Hold” and an average target price of $41.25.

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.