Avestar Capital LLC Purchases Shares of 5,067 Exelon Co. (NASDAQ:EXC)

Avestar Capital LLC purchased a new stake in shares of Exelon Co. (NASDAQ:EXC) in the 3rd quarter, HoldingsChannel reports. The firm purchased 5,067 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also added to or reduced their stakes in EXC. Los Angeles Capital Management LLC boosted its position in Exelon by 666.2% during the second quarter. Los Angeles Capital Management LLC now owns 3,583,477 shares of the company’s stock valued at $124,024,000 after buying an additional 3,115,763 shares during the period. FMR LLC boosted its holdings in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Exelon by 4,103.5% during the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after purchasing an additional 1,021,731 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Exelon by 101.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,344,978 shares of the company’s stock worth $54,539,000 after purchasing an additional 678,490 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Exelon by 44.0% during the third quarter. Jennison Associates LLC now owns 1,830,435 shares of the company’s stock worth $74,224,000 after purchasing an additional 558,977 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

Shares of NASDAQ EXC opened at $39.51 on Friday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.42. The company has a 50 day simple moving average of $39.60 and a two-hundred day simple moving average of $37.88. The company has a market capitalization of $39.70 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 2.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.97 and a current ratio of 1.09.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share. Analysts expect that Exelon Co. will post 2.45 EPS for the current fiscal year.

Exelon Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on EXC. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Jefferies Financial Group began coverage on shares of Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. UBS Group increased their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays increased 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. Finally, Wells Fargo & Company increased their price target on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Exelon has an average rating of “Hold” and an average price target of $41.25.

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.