Los Angeles Capital Management LLC Acquires 15,356 Shares of Exelon Co. (NASDAQ:EXC)

Los Angeles Capital Management LLC raised its stake in shares of Exelon Co. (NASDAQ:EXC) by 71.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,775 shares of the company’s stock after buying an additional 15,356 shares during the period. Los Angeles Capital Management LLC’s holdings in Exelon were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its position in shares of Exelon by 507.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,161,879 shares of the company’s stock worth $119,505,000 after buying an additional 2,641,756 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Exelon by 501.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock worth $86,571,000 after acquiring an additional 1,909,731 shares during the period. Invesco Ltd. boosted its position in Exelon by 12.2% in the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock worth $380,538,000 after purchasing an additional 1,092,736 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Exelon by 112.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,910,912 shares of the company’s stock valued at $72,213,000 after purchasing an additional 1,011,224 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Exelon by 3,481.3% in the 4th quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock worth $28,695,000 after buying an additional 776,997 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Exelon Trading Down 0.2 %

NASDAQ:EXC opened at $37.82 on Thursday. Exelon Co. has a 12 month low of $33.35 and a 12 month high of $43.53. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average price of $37.02 and a 200-day moving average price of $36.96. The stock has a market cap of $37.82 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 2.71 and a beta of 0.53.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. Equities analysts predict that Exelon Co. will post 2.43 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th 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 4.02%. The ex-dividend date of this dividend is Friday, May 10th. Exelon’s dividend payout ratio (DPR) is presently 65.52%.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays lifted their price objective on shares of Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Bank of America dropped their price target on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. 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 research note on Monday, April 22nd. Finally, BMO Capital Markets boosted their price objective on Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.83.

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.