Exelon Corporation $EXC Stock Holdings Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in Exelon Corporation (NASDAQ:EXC) by 282.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 60,000 shares of the company’s stock after acquiring an additional 44,323 shares during the quarter. International Assets Investment Management LLC’s holdings in Exelon were worth $2,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Exelon in the 2nd quarter valued at about $5,583,709,000. Lazard Asset Management LLC grew its stake in Exelon by 6.4% in the 1st quarter. Lazard Asset Management LLC now owns 24,620,304 shares of the company’s stock worth $1,206,887,000 after acquiring an additional 1,490,251 shares in the last quarter. GQG Partners LLC purchased a new position in shares of Exelon during the second quarter worth approximately $922,917,000. Legal & General Group Plc purchased a new position in shares of Exelon during the second quarter worth approximately $602,760,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Exelon during the second quarter worth approximately $580,842,000. Institutional investors own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $46.45 on Tuesday. The firm’s fifty day simple moving average is $42.91 and its two-hundred day simple moving average is $45.59. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Exelon Corporation has a 12-month low of $39.73 and a 12-month high of $50.65. The firm has a market capitalization of $47.95 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.45 and a beta of 0.30.

Exelon (NASDAQ:EXC) last released its earnings results on Friday, October 30th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.32 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Exelon had a net margin of 10.99% and a return on equity of 9.81%. Exelon’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. Analysts forecast that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 4th. Exelon’s dividend payout ratio (DPR) is 65.37%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several research reports. JPMorgan Chase & Co. reduced their price objective on Exelon from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, October 19th. The Goldman Sachs Group decreased their target price on Exelon from $45.00 to $44.00 in a research report on Thursday, October 15th. Argus lowered their target price on Exelon from $52.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, September 22nd. Jefferies Financial Group reiterated a “hold” rating on shares of Exelon in a report on Wednesday, October 28th. Finally, Scotiabank dropped their price target on Exelon from $47.00 to $44.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 30th. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $48.58.

About Exelon

Exelon Corporation (NASDAQ:EXC) is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon’s utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.