Y Intercept Hong Kong Ltd Takes $1.75 Million Position in Exelon Co. (NASDAQ:EXC)

Y Intercept Hong Kong Ltd acquired a new position in shares of Exelon Co. (NASDAQ:EXC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 43,097 shares of the company’s stock, valued at approximately $1,748,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. MML Investors Services LLC raised its stake in shares of Exelon by 4.2% during the third quarter. MML Investors Services LLC now owns 71,223 shares of the company’s stock valued at $2,888,000 after acquiring an additional 2,878 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Exelon by 13.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,118 shares of the company’s stock worth $370,000 after purchasing an additional 1,051 shares during the last quarter. XTX Topco Ltd acquired a new position in Exelon during the 3rd quarter worth about $204,000. National Bank of Canada FI grew its position in shares of Exelon by 56.4% in the 3rd quarter. National Bank of Canada FI now owns 865,225 shares of the company’s stock valued at $35,085,000 after buying an additional 312,042 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Exelon by 110.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 59,755 shares of the company’s stock valued at $2,423,000 after buying an additional 31,415 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Scotiabank upped their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. UBS Group lifted their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays upped their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Jefferies Financial Group started coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Stock Down 0.3 %

Shares of NASDAQ EXC opened at $37.32 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42. The stock has a market capitalization of $37.50 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.70 and a beta of 0.54. The company has a 50-day moving average price of $39.32 and a 200-day moving average price of $37.87.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating 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 company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is currently 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.