Qsemble Capital Management LP Invests $3.52 Million in Exelon Co. (NASDAQ:EXC)

Qsemble Capital Management LP bought a new stake in Exelon Co. (NASDAQ:EXC) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 86,859 shares of the company’s stock, valued at approximately $3,522,000.

Other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Exelon by 646.2% during the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock worth $27,000 after buying an additional 672 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in Exelon during the second quarter valued at approximately $28,000. American National Bank & Trust grew its stake in Exelon by 178.8% in the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. Abound Wealth Management increased its position in shares of Exelon by 502.7% during the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock worth $31,000 after purchasing an additional 744 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Exelon during the 3rd quarter worth approximately $32,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXC. Jefferies Financial Group assumed coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price for the company. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday. UBS Group lifted their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Wells Fargo & Company upped their price objective 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, Barclays lifted their target price on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Eleven investment 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, the company presently has a consensus rating of “Hold” and a consensus price target of $41.25.

Exelon Price Performance

NASDAQ:EXC opened at $39.13 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $39.32 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 2.76 and a beta of 0.54. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The firm’s 50-day simple moving average is $39.61 and its 200 day simple moving average is $37.84.

Exelon (NASDAQ:EXC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share 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 the consensus estimate of $5.85 billion. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. As a group, sell-side analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Friday, November 8th. Exelon’s dividend payout ratio (DPR) 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.