Ausbil Investment Management Ltd Raises Holdings in Exelon Co. (NASDAQ:EXC)

Ausbil Investment Management Ltd raised its holdings in Exelon Co. (NASDAQ:EXC) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,074 shares of the company’s stock after purchasing an additional 18,277 shares during the quarter. Exelon accounts for 2.9% of Ausbil Investment Management Ltd’s investment portfolio, making the stock its 9th largest position. Ausbil Investment Management Ltd’s holdings in Exelon were worth $10,059,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Register Financial Advisors LLC bought a new stake in shares of Exelon during the first quarter valued at about $26,000. Crewe Advisors LLC bought a new stake in shares of Exelon during the 1st quarter valued at about $26,000. Versant Capital Management Inc grew its holdings in shares of Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after purchasing an additional 672 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Exelon in the second quarter worth approximately $28,000. Finally, American National Bank & Trust raised its stake in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXC shares. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Barclays increased their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley lifted their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group initiated coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Stock Performance

Shares of Exelon stock remained flat at $40.74 during midday trading on Thursday. The company had a trading volume of 856,854 shares, compared to its average volume of 6,734,212. The company’s 50 day moving average is $39.38 and its 200 day moving average is $37.59. Exelon Co. has a one year low of $33.35 and a one year high of $41.48. The company has a market capitalization of $40.76 billion, a P/E ratio of 16.82, a PEG ratio of 2.96 and a beta of 0.53. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $4.98 billion. Exelon had a net margin of 10.65% and a return on equity of 9.40%. During the same period in the prior year, the business earned $0.41 EPS. On average, equities analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current fiscal year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Monday, August 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is currently 62.55%.

About Exelon

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.