US Bancorp DE Has $6.91 Million Stock Position in Exelon Co. (NASDAQ:EXC)

US Bancorp DE increased its holdings in shares of Exelon Co. (NASDAQ:EXC) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 170,355 shares of the company’s stock after buying an additional 2,505 shares during the quarter. US Bancorp DE’s holdings in Exelon were worth $6,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC raised 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 acquiring an additional 255 shares during the period. Black Diamond Financial LLC lifted its holdings in shares of Exelon by 2.0% in the second quarter. Black Diamond Financial LLC now owns 14,067 shares of the company’s stock valued at $487,000 after purchasing an additional 279 shares in the last quarter. Ballentine Partners LLC boosted its position 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 period. Aptus Capital Advisors LLC grew 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 in the last quarter. Finally, Ledyard National Bank raised its position in Exelon by 5.1% in the 3rd quarter. Ledyard National Bank now owns 6,348 shares of the company’s stock valued at $257,000 after buying an additional 308 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EXC. Barclays upped their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price target on shares of Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company increased their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, UBS Group increased their price target on Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $41.33.

Exelon Price Performance

Shares of EXC opened at $38.15 on Monday. The company’s 50-day moving average is $39.66 and its 200-day moving average is $37.74. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market capitalization of $38.33 billion, a PE ratio of 15.70, a PEG ratio of 2.84 and a beta of 0.54. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.48.

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

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, November 8th. Exelon’s dividend payout ratio is 62.55%.

About Exelon

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.