Exelon Co. (NASDAQ:EXC) Shares Purchased by Citigroup Inc.

Citigroup Inc. boosted its position in Exelon Co. (NASDAQ:EXC) by 3.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,215,455 shares of the company’s stock after purchasing an additional 42,944 shares during the period. Citigroup Inc. owned approximately 0.12% of Exelon worth $49,287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in EXC. Foundations Investment Advisors LLC increased its holdings in shares of Exelon by 3.5% in the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after buying an additional 255 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Exelon by 1.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock valued at $1,151,000 after acquiring an additional 274 shares in the last quarter. Black Diamond Financial LLC grew its holdings in shares of Exelon by 2.0% during the 2nd quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after acquiring an additional 279 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Exelon by 2.1% during the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock valued at $565,000 after acquiring an additional 285 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its holdings in shares of Exelon by 3.3% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock valued at $326,000 after acquiring an additional 304 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXC has been the topic of several research analyst reports. Scotiabank boosted their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. UBS Group upped 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 initiated coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Morgan Stanley decreased their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and an average price target of $41.25.

Exelon Stock Down 1.5 %

EXC stock opened at $38.71 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.42. The company has a 50-day moving average of $39.64 and a two-hundred day moving average of $37.83. The stock has a market capitalization of $38.90 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.54.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. As a group, equities research analysts anticipate that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, November 8th. 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.