The Manufacturers Life Insurance Company Purchases 8,007 Shares of Exelon Co. (NASDAQ:EXC)

The Manufacturers Life Insurance Company increased its position in Exelon Co. (NASDAQ:EXC) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,135,980 shares of the company’s stock after acquiring an additional 8,007 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Exelon were worth $46,064,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Czech National Bank boosted its position in shares of Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock valued at $6,594,000 after acquiring an additional 15,389 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after purchasing an additional 123,466 shares in the last quarter. Andra AP fonden raised its stake in Exelon by 56.4% in the second quarter. Andra AP fonden now owns 138,100 shares of the company’s stock valued at $4,780,000 after purchasing an additional 49,800 shares in the last quarter. Cetera Advisors LLC raised its stake in Exelon by 33.6% in the first quarter. Cetera Advisors LLC now owns 57,114 shares of the company’s stock valued at $2,146,000 after purchasing an additional 14,366 shares in the last quarter. Finally, Candriam S.C.A. raised its stake in Exelon by 19.0% in the second quarter. Candriam S.C.A. now owns 140,560 shares of the company’s stock valued at $4,865,000 after purchasing an additional 22,463 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXC. Jefferies Financial Group began coverage on shares of Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Scotiabank raised their target price 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. Morgan Stanley lowered their target price 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. UBS Group raised their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, 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 note on Tuesday, October 15th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Exelon presently has an average rating of “Hold” and an average price target of $41.25.

Exelon Stock Up 0.1 %

Shares of NASDAQ EXC opened at $39.51 on Friday. 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 Co. has a 52 week low of $33.35 and a 52 week high of $41.42. The firm’s fifty day moving average is $39.60 and its 200 day moving average is $37.88. The company has a market cap of $39.70 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.79 and a beta of 0.54.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

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.