First Republic Investment Management Inc. Has $19.15 Million Holdings in Exelon Co. (NASDAQ:EXC)

First Republic Investment Management Inc. raised its position in shares of Exelon Co. (NASDAQ:EXCGet Rating) by 10.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 511,206 shares of the company’s stock after purchasing an additional 48,152 shares during the quarter. First Republic Investment Management Inc. owned approximately 0.05% of Exelon worth $19,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXC. U.S. Capital Wealth Advisors LLC acquired a new stake in Exelon during the 1st quarter valued at approximately $270,000. Cibc World Market Inc. grew its position in shares of Exelon by 21.4% during the 1st quarter. Cibc World Market Inc. now owns 19,872 shares of the company’s stock worth $947,000 after buying an additional 3,509 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Exelon by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,063,174 shares of the company’s stock worth $98,262,000 after buying an additional 12,105 shares during the period. Vontobel Holding Ltd. grew its position in shares of Exelon by 8.8% during the 1st quarter. Vontobel Holding Ltd. now owns 4,639 shares of the company’s stock worth $219,000 after buying an additional 376 shares during the period. Finally, Sei Investments Co. grew its position in shares of Exelon by 77.9% during the 1st quarter. Sei Investments Co. now owns 380,426 shares of the company’s stock worth $18,117,000 after buying an additional 166,614 shares during the period. Institutional investors and hedge funds own 80.60% of the company’s stock.

Analyst Ratings Changes

EXC has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Exelon to $47.00 in a research report on Wednesday, December 14th. BMO Capital Markets reduced their price objective on shares of Exelon from $51.00 to $41.00 in a research report on Tuesday, October 18th. StockNews.com began coverage on shares of Exelon in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group lifted their price target on shares of Exelon from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Guggenheim reduced their price target on shares of Exelon from $49.00 to $40.00 in a research report on Monday, October 24th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Exelon Price Performance

NASDAQ EXC opened at $41.51 on Wednesday. The company has a market cap of $41.25 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. Exelon Co. has a one year low of $35.19 and a one year high of $50.71. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.45. The business’s fifty day simple moving average is $41.90.

Exelon (NASDAQ:EXCGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Exelon had a return on equity of 10.12% and a net margin of 8.85%. The company had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.69 billion. During the same period in the previous year, the business posted $1.09 EPS. The business’s revenue for the quarter was down 45.6% compared to the same quarter last year. Research analysts expect that Exelon Co. will post 2.27 EPS for the current fiscal year.

Exelon Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were issued a $0.3375 dividend. This represents a $1.35 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 14th. Exelon’s dividend payout ratio (DPR) is currently 62.50%.

Exelon Profile

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Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. It operates through the following segments: Mid Atlantic, Midwest, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina.

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Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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