First Trust Advisors LP Has $114.58 Million Stock Holdings in Exelon Co. (NYSE:EXC)

First Trust Advisors LP lifted its stake in shares of Exelon Co. (NYSE:EXC) by 9.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,371,665 shares of the energy giant’s stock after buying an additional 198,348 shares during the quarter. First Trust Advisors LP owned about 0.24% of Exelon worth $114,575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cliftonlarsonallen Wealth Advisors LLC increased its position in Exelon by 0.4% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 48,412 shares of the energy giant’s stock worth $2,339,000 after acquiring an additional 212 shares during the period. Trust Co. of Toledo NA OH increased its holdings in Exelon by 0.7% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 33,723 shares of the energy giant’s stock valued at $1,616,000 after buying an additional 218 shares during the period. Hanseatic Management Services Inc. increased its holdings in Exelon by 7.1% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,660 shares of the energy giant’s stock valued at $175,000 after buying an additional 243 shares during the period. Hoover Financial Advisors Inc. increased its holdings in Exelon by 5.8% in the 2nd quarter. Hoover Financial Advisors Inc. now owns 4,463 shares of the energy giant’s stock valued at $214,000 after buying an additional 245 shares during the period. Finally, FinTrust Capital Advisors LLC increased its holdings in Exelon by 7.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 3,527 shares of the energy giant’s stock valued at $170,000 after buying an additional 245 shares during the period. Institutional investors own 78.99% of the company’s stock.

Shares of Exelon stock opened at $44.71 on Friday. The firm has a market capitalization of $43.55 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95. The firm’s 50 day moving average is $46.74 and its 200 day moving average is $47.74. Exelon Co. has a 1 year low of $43.10 and a 1 year high of $51.18.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.70 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. As a group, research analysts anticipate that Exelon Co. will post 3.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be issued a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, November 14th. Exelon’s dividend payout ratio (DPR) is presently 46.47%.

Several research firms have commented on EXC. Mizuho decreased their target price on shares of Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, October 16th. Credit Suisse Group decreased their target price on shares of Exelon from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, October 18th. Wolfe Research set a $55.00 target price on shares of Exelon and gave the company a “buy” rating in a report on Friday, November 1st. ValuEngine lowered shares of Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, UBS Group raised their target price on shares of Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a report on Friday, September 6th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $52.00.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

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Institutional Ownership by Quarter for Exelon (NYSE:EXC)

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