Bare Financial Services Inc Acquires New Shares in Exelon Co. (NASDAQ:EXC)

Bare Financial Services Inc acquired a new stake in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,502 shares of the company’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. DekaBank Deutsche Girozentrale lifted its position in Exelon by 507.9% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,161,879 shares of the company’s stock worth $119,505,000 after acquiring an additional 2,641,756 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Exelon by 501.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock valued at $86,571,000 after buying an additional 1,909,731 shares during the last quarter. Invesco Ltd. raised its position in shares of Exelon by 12.2% during the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after buying an additional 1,092,736 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Exelon by 112.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,910,912 shares of the company’s stock valued at $72,213,000 after buying an additional 1,011,224 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Exelon by 3,481.3% during the fourth quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock valued at $28,695,000 after buying an additional 776,997 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXC. Bank of America lowered their target price on shares of Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Mizuho raised shares of Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $39.00 in a research note on Wednesday, January 10th. Seaport Res Ptn cut shares of Exelon from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.92.

Exelon Price Performance

Shares of Exelon stock traded up $0.05 during midday trading on Thursday, reaching $37.89. The company had a trading volume of 5,575,098 shares, compared to its average volume of 6,548,352. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $37.87 billion, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. The stock has a fifty day simple moving average of $36.88 and a 200 day simple moving average of $37.04. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The firm had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, equities research analysts forecast that Exelon Co. will post 2.41 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.01%. Exelon’s dividend payout ratio is 65.24%.

Exelon 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.