Industrial Alliance Investment Management Inc. Raises Holdings in Exelon Co. (NASDAQ:EXC)

Industrial Alliance Investment Management Inc. boosted its stake in shares of Exelon Co. (NASDAQ:EXC – Get Rating) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,871 shares of the company’s stock after purchasing an additional 2,824 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Exelon were worth $3,029,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SVB Wealth LLC boosted its position in shares of Exelon by 2.9% during the 1st quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock worth $367,000 after acquiring an additional 219 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Exelon by 3.9% during the 1st quarter. Baltimore Washington Financial Advisors Inc. now owns 7,110 shares of the company’s stock worth $310,000 after acquiring an additional 266 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Exelon by 1.7% in the 3rd quarter. Bessemer Group Inc. now owns 16,268 shares of the company’s stock valued at $610,000 after purchasing an additional 271 shares during the period. Synovus Financial Corp boosted its position in shares of Exelon by 2.1% in the 3rd quarter. Synovus Financial Corp now owns 13,631 shares of the company’s stock valued at $509,000 after purchasing an additional 279 shares during the period. Finally, Sawtooth Solutions LLC boosted its position in shares of Exelon by 4.6% in the 3rd quarter. Sawtooth Solutions LLC now owns 6,438 shares of the company’s stock valued at $241,000 after purchasing an additional 282 shares during the period. Hedge funds and other institutional investors own 80.60% of the company’s stock.

Wall Street Analyst Weigh In

EXC has been the subject of a number of research analyst reports. Credit Suisse Group upped their target price on Exelon from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, January 23rd. Wells Fargo & Company decreased their target price on Exelon from $47.00 to $45.00 in a research report on Wednesday, February 15th. BMO Capital Markets decreased their target price on Exelon from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, February 15th. Finally, Morgan Stanley upped their price objective on Exelon from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and an average target price of $46.64.

Exelon Stock Performance

Shares of EXC stock opened at $42.15 on Friday. The company has a market cap of $41.90 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 2.65 and a beta of 0.60. The stock has a 50 day simple moving average of $41.83 and a 200-day simple moving average of $40.31. Exelon Co. has a 12-month low of $35.19 and a 12-month high of $50.71. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 1.44.

Exelon (NASDAQ:EXC – Get Rating) last issued its earnings results on Tuesday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $4.67 billion during the quarter, compared to the consensus estimate of $4.14 billion. Exelon had a return on equity of 9.30% and a net margin of 11.37%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. On average, equities analysts forecast that Exelon Co. will post 2.36 EPS for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Monday, February 27th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.42%. This is an increase from Exelon’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, February 24th. Exelon’s dividend payout ratio is 65.75%.

Exelon Profile

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Exelon Corp. is a utility services holding company, which engages in the energy distribution and transmission businesses. It operates through the following segments: Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE).