Exelon Corporation $EXC Stock: International Assets Investment Management LLC Raises Stake

Key Points

• International Assets Investment Management increased its Exelon stake by 282.7% in the third quarter, bringing its holdings to 60,000 shares worth approximately $2.4 million. Institutional investors collectively own 80.92% of the company.
• Exelon reported quarterly earnings of $0.87 per share, exceeding estimates of $0.79, while revenue rose 9.2% year over year to $7.32 billion.
• The company declared a quarterly dividend of $0.42 per share, equal to an annualized $1.68 and a 3.6% yield. Analysts maintain a consensus “Hold” rating with a $48.58 price target.

International Assets Investment Management LLC lifted its position in Exelon Corporation (NASDAQ:EXC - Free Report) by 282.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the company's stock after buying an additional 44,323 shares during the period. International Assets Investment Management LLC's holdings in Exelon were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Axiom Investment Management LLC bought a new stake in Exelon during the first quarter valued at about $27,000. Eastern Bank bought a new position in shares of Exelon during the 2nd quarter valued at approximately $26,000. Elevation Wealth Partners LLC grew its stake in shares of Exelon by 440.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 594 shares of the company's stock valued at $28,000 after acquiring an additional 484 shares during the period. Silvant Capital Management LLC purchased a new stake in Exelon in the 2nd quarter worth approximately $29,000. Finally, North Point Portfolio Managers Corp OH purchased a new stake in Exelon in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.6%

Shares of NASDAQ:EXC opened at $46.45 on Tuesday. The company has a market cap of $47.95 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.45 and a beta of 0.30. Exelon Corporation has a 12 month low of $39.73 and a 12 month high of $50.65. The company has a current ratio of 1.09, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average price of $42.91 and a 200 day moving average price of $45.59.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. Exelon had a return on equity of 9.81% and a net margin of 10.99%. The company had revenue of $7.32 billion for the quarter, compared to analysts' expectations of $6.76 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts predict that Exelon Corporation will post 2.86 earnings per share for the current year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, December 4th. Exelon's payout ratio is presently 65.37%.

Analyst Upgrades and Downgrades

EXC has been the topic of a number of recent analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of Exelon in a research note on Tuesday, October 6th. Barclays dropped their price target on shares of Exelon from $49.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, October 19th. KeyCorp raised shares of Exelon from an "underweight" rating to a "sector weight" rating and set a $41.00 price objective for the company in a research note on Monday, October 12th. Morgan Stanley dropped their target price on shares of Exelon from $50.00 to $49.00 and set an "equal weight" rating for the company in a report on Wednesday, October 21st. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Exelon in a research note on Wednesday, October 28th. Six research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $48.58.

Exelon Company Profile

Exelon Corporation NASDAQ: EXC is a regulated utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers. The company operates through six utility subsidiaries: Atlantic City Electric, Baltimore Gas and Electric, Commonwealth Edison, Delmarva Power, PECO and Pepco. Its businesses focus primarily on the transmission, distribution and delivery of energy rather than owning competitive power-generation operations.

Exelon's utilities serve customers across Illinois, Pennsylvania, Maryland, Delaware, New Jersey and the District of Columbia.

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