MML Investors Services LLC Has $2.89 Million Position in Exelon Co. (NASDAQ:EXC)

MML Investors Services LLC increased its stake in Exelon Co. (NASDAQ:EXC) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 71,223 shares of the company’s stock after purchasing an additional 2,878 shares during the period. MML Investors Services LLC’s holdings in Exelon were worth $2,888,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXC. Foundations Investment Advisors LLC lifted its holdings in shares of Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after buying an additional 255 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Exelon by 1.0% during the third quarter. Harbor Capital Advisors Inc. now owns 28,392 shares of the company’s stock worth $1,151,000 after buying an additional 274 shares during the last quarter. Black Diamond Financial LLC lifted its holdings in shares of Exelon by 2.0% during the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock worth $487,000 after buying an additional 279 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Exelon by 2.1% during the third quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after buying an additional 285 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Exelon by 3.3% during the second quarter. Aptus Capital Advisors LLC now owns 9,412 shares of the company’s stock worth $326,000 after buying an additional 304 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

Exelon stock opened at $36.87 on Friday. 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 $37.05 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.62 and a beta of 0.54. The business’s fifty day moving average is $39.02 and its two-hundred day moving average is $37.86. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.42.

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

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio is currently 62.55%.

Analyst Ratings Changes

EXC has been the subject of a number of research analyst reports. Jefferies Financial Group began coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 price target for the company. Barclays boosted their price objective on Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. UBS Group boosted their price objective on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Scotiabank boosted their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.42.

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.