Worldquant Millennium Advisors LLC Makes New Investment in Exelon Co. (NASDAQ:EXC)

Worldquant Millennium Advisors LLC bought a new position in Exelon Co. (NASDAQ:EXC) during the third quarter, Holdings Channel reports. The institutional investor bought 102,944 shares of the company’s stock, valued at approximately $4,174,000.

Other large investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Exelon by 2.4% during the third quarter. Stifel Financial Corp now owns 120,169 shares of the company’s stock valued at $4,873,000 after buying an additional 2,827 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Exelon during the third quarter valued at approximately $570,000. Quantinno Capital Management LP raised its holdings in shares of Exelon by 51.2% during the third quarter. Quantinno Capital Management LP now owns 75,759 shares of the company’s stock valued at $3,072,000 after buying an additional 25,656 shares during the last quarter. Finally, Redwood Investment Management LLC bought a new stake in shares of Exelon during the third quarter valued at approximately $2,038,000. Institutional investors own 80.92% of the company’s stock.

Exelon Trading Down 0.3 %

Shares of NASDAQ:EXC opened at $37.85 on Friday. The firm has a fifty day moving average of $39.38 and a two-hundred day moving average of $37.87. The firm has a market capitalization of $38.03 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.54. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $41.42. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company 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 company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. On average, equities analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is presently 62.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EXC shares. Jefferies Financial Group started coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank lifted their price target on shares of Exelon from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays lifted their price target on shares of Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, 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 research note on Friday, September 20th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Company Profile

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.