Quantinno Capital Management LP Boosts Stock Position in Exelon Co. (NASDAQ:EXC)

Quantinno Capital Management LP raised its position in shares of Exelon Co. (NASDAQ:EXC) by 51.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 75,759 shares of the company’s stock after buying an additional 25,656 shares during the quarter. Quantinno Capital Management LP’s holdings in Exelon were worth $3,072,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EXC. Sequoia Financial Advisors LLC lifted its position in Exelon by 10.4% during the second quarter. Sequoia Financial Advisors LLC now owns 23,378 shares of the company’s stock valued at $809,000 after acquiring an additional 2,208 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Exelon by 5.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 116,631 shares of the company’s stock worth $4,037,000 after purchasing an additional 6,404 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Exelon by 56.6% during the second quarter. Great Valley Advisor Group Inc. now owns 22,800 shares of the company’s stock worth $789,000 after purchasing an additional 8,238 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Exelon by 6.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 21,346 shares of the company’s stock valued at $739,000 after purchasing an additional 1,249 shares during the last quarter. Finally, ORG Partners LLC acquired a new stake in shares of Exelon in the 2nd quarter worth $99,000. 80.92% of the stock is currently owned by institutional investors.

Exelon Stock Down 1.1 %

Shares of EXC opened at $37.44 on Tuesday. The stock’s 50-day moving average price is $39.38 and its 200-day moving average price is $37.86. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $37.62 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.70 and a beta of 0.54. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the company earned $0.67 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a $0.38 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.06%. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXC shares. Barclays upped their target price on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley cut their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. UBS Group lifted their target price 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. Scotiabank upped their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Jefferies Financial Group assumed coverage on shares of Exelon in a report on Thursday, September 19th. They issued a “buy” rating and a $46.00 price target for the company. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $41.25.

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.