27,728 Exelon Corporation $EXC Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 11.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,236 shares of the company’s stock after buying an additional 27,728 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Exelon were worth $11,148,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EXC. Assenagon Asset Management S.A. increased its stake in Exelon by 133.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 505,564 shares of the company’s stock valued at $23,569,000 after purchasing an additional 289,436 shares in the last quarter. Amundi raised its holdings in shares of Exelon by 1.3% in the second quarter. Amundi now owns 10,506,650 shares of the company’s stock worth $489,809,000 after buying an additional 130,712 shares during the last quarter. AXQ Capital LP acquired a new stake in shares of Exelon during the second quarter worth $1,345,000. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Exelon by 8.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 308,405 shares of the company’s stock worth $14,378,000 after buying an additional 24,885 shares during the period. Finally, Waverly Advisors LLC grew its holdings in shares of Exelon by 329.3% during the second quarter. Waverly Advisors LLC now owns 102,569 shares of the company’s stock valued at $4,782,000 after buying an additional 78,678 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Exelon Trading Up 1.6%

Shares of Exelon stock opened at $46.24 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 1.70. The firm’s 50-day moving average price is $42.97 and its 200 day moving average price is $45.61. The firm has a market capitalization of $47.85 billion, a PE ratio of 17.99, a P/E/G ratio of 2.49 and a beta of 0.24. Exelon Corporation has a twelve month low of $39.73 and a twelve month high of $50.65.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.32 billion for the quarter, compared to analyst estimates of $6.76 billion. Exelon had a return on equity of 9.75% and a net margin of 10.17%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. On average, sell-side analysts predict that Exelon Corporation will post 2.86 EPS for the current fiscal year.

Exelon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, December 4th will be issued a $0.42 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.68 dividend on an annualized basis and a yield of 3.6%. Exelon’s dividend payout ratio is currently 65.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EXC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Exelon in a report on Tuesday, October 6th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Exelon in a report on Wednesday, October 28th. KeyCorp upgraded Exelon from an “underweight” rating to a “sector weight” rating and set a $41.00 target price on the stock in a research report on Monday, October 12th. Argus cut their price target on shares of Exelon from $52.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Finally, The Goldman Sachs Group reduced their price target on shares of Exelon from $45.00 to $44.00 in a research report on Thursday, October 15th. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exelon currently has a consensus rating of “Hold” and a consensus target price of $48.33.

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.