Toroso Investments LLC Purchases 8,273 Shares of Exelon Co. (NASDAQ:EXC)

Toroso Investments LLC boosted its stake in Exelon Co. (NASDAQ:EXC – Get Rating) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,076 shares of the company’s stock after acquiring an additional 8,273 shares during the period. Toroso Investments LLC’s holdings in Exelon were worth $1,464,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. IHT Wealth Management LLC boosted its holdings in Exelon by 31.8% in the third quarter. IHT Wealth Management LLC now owns 11,289 shares of the company’s stock valued at $423,000 after acquiring an additional 2,725 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Exelon by 52.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 14,726 shares of the company’s stock valued at $552,000 after acquiring an additional 5,036 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Exelon in the third quarter valued at $3,525,000. Power Corp of Canada boosted its holdings in Exelon by 7.5% in the third quarter. Power Corp of Canada now owns 100,249 shares of the company’s stock valued at $3,755,000 after acquiring an additional 7,029 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in Exelon by 3.6% in the third quarter. Industrial Alliance Investment Management Inc. now owns 80,871 shares of the company’s stock valued at $3,029,000 after acquiring an additional 2,824 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.

Exelon Price Performance

EXC opened at $42.14 on Friday. The stock has a 50-day moving average price of $41.80 and a 200-day moving average price of $40.32. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.69 and a quick ratio of 0.62. The firm has a market cap of $41.89 billion, a PE ratio of 19.24, a P/E/G ratio of 2.64 and a beta of 0.60. Exelon Co. has a 1 year low of $35.19 and a 1 year high of $50.71.

Exelon (NASDAQ:EXC – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.14 billion. Exelon had a return on equity of 9.30% and a net margin of 11.37%. Exelon’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Sell-side analysts predict that Exelon Co. will post 2.36 earnings per share for the current fiscal year.

Exelon Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. BMO Capital Markets lowered their price objective on Exelon from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, February 15th. Wells Fargo & Company lowered their price objective on Exelon from $47.00 to $45.00 in a research report on Wednesday, February 15th. Morgan Stanley raised their price objective on Exelon from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, December 15th. Finally, Credit Suisse Group raised their price objective on Exelon from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, January 23rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Exelon has an average rating of “Moderate Buy” and an average price target of $46.64.

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).