Kepos Capital LP Buys 2,078 Shares of Exelon Co. (NASDAQ:EXC)

Kepos Capital LP lifted its stake in shares of Exelon Co. (NASDAQ:EXCFree Report) by 41.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,103 shares of the company’s stock after purchasing an additional 2,078 shares during the quarter. Kepos Capital LP’s holdings in Exelon were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its position in Exelon by 1.4% during the 2nd quarter. State Street Corp now owns 62,856,389 shares of the company’s stock worth $2,560,769,000 after buying an additional 837,508 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Exelon by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 32,894,774 shares of the company’s stock worth $1,232,236,000 after purchasing an additional 343,201 shares during the period. Geode Capital Management LLC lifted its position in shares of Exelon by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 18,931,213 shares of the company’s stock worth $769,004,000 after purchasing an additional 415,812 shares during the period. Lazard Asset Management LLC lifted its position in shares of Exelon by 133.2% in the 2nd quarter. Lazard Asset Management LLC now owns 17,371,666 shares of the company’s stock worth $707,721,000 after purchasing an additional 9,923,059 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Exelon by 0.6% in the 3rd quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock worth $477,837,000 after purchasing an additional 78,316 shares during the period. 81.38% of the stock is owned by institutional investors.

Exelon Trading Up 2.0 %

EXC stock traded up $0.71 on Monday, reaching $36.20. The company’s stock had a trading volume of 5,082,713 shares, compared to its average volume of 6,870,556. The business has a fifty day simple moving average of $35.31 and a two-hundred day simple moving average of $37.84. Exelon Co. has a 12-month low of $33.35 and a 12-month high of $43.71. The firm has a market cap of $36.18 billion, a PE ratio of 15.23, a PEG ratio of 2.61 and a beta of 0.53. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81.

Exelon (NASDAQ:EXCGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, research analysts forecast that Exelon Co. will post 2.39 EPS for the current year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, March 4th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 4.20%. This is an increase from Exelon’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, March 1st. Exelon’s dividend payout ratio is presently 65.24%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXC. Seaport Res Ptn downgraded shares of Exelon from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Royal Bank of Canada dropped their target price on shares of Exelon from $45.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Tuesday, December 19th. Guggenheim downgraded shares of Exelon from a “buy” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $40.00 in a research report on Friday, December 15th. Wells Fargo & Company dropped their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Finally, UBS Group downgraded shares of Exelon from a “buy” rating to a “neutral” rating and dropped their target price for the company from $47.00 to $37.00 in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.82.

Read Our Latest Report on Exelon

Exelon Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Co. (NASDAQ:EXCFree Report).

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.