Spirit of America Management Corp NY Increases Stake in Exelon Co. (NASDAQ:EXC)

Spirit of America Management Corp NY grew its stake in shares of Exelon Co. (NASDAQ:EXC) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,700 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in Exelon were worth $556,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Exelon by 16.3% in the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after acquiring an additional 14,749,899 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Exelon by 112.4% during the first quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock valued at $1,184,483,000 after buying an additional 16,686,526 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Exelon by 2.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock valued at $183,606,000 after acquiring an additional 113,428 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Exelon by 4.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 4,374,891 shares of the company’s stock valued at $164,623,000 after acquiring an additional 193,223 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Exelon by 666.2% in the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after acquiring an additional 3,115,763 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Scotiabank upped their price objective on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. UBS Group raised their price objective on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price on the stock. Wells Fargo & Company raised their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley upped their price target on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Exelon has an average rating of “Hold” and a consensus price target of $41.33.

Exelon Trading Down 0.1 %

Shares of NASDAQ EXC opened at $40.71 on Friday. The company has a market cap of $40.73 billion, a PE ratio of 16.75, a P/E/G ratio of 2.93 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. The firm’s 50 day moving average price is $39.38 and its 200-day moving average price is $37.59. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48.

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

Exelon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. Exelon’s dividend payout ratio (DPR) is 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.