Alpha Paradigm Partners LLC Purchases 3,641 Shares of Exelon Co. (NASDAQ:EXC)

Alpha Paradigm Partners LLC increased its position in Exelon Co. (NASDAQ:EXC) by 123.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,587 shares of the company’s stock after buying an additional 3,641 shares during the quarter. Alpha Paradigm Partners LLC’s holdings in Exelon were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Exelon by 16.1% in the first quarter. Van ECK Associates Corp now owns 43,940 shares of the company’s stock valued at $1,922,000 after purchasing an additional 6,092 shares during the last quarter. Reaves W H & Co. Inc. lifted its position in Exelon by 101.5% in the second quarter. Reaves W H & Co. Inc. now owns 1,773,456 shares of the company’s stock valued at $78,582,000 after purchasing an additional 893,220 shares during the last quarter. Natixis Advisors L.P. lifted its position in Exelon by 3.3% in the second quarter. Natixis Advisors L.P. now owns 452,866 shares of the company’s stock valued at $20,066,000 after purchasing an additional 14,581 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Exelon by 12.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 180,496 shares of the company’s stock valued at $8,000,000 after purchasing an additional 20,647 shares during the last quarter. Finally, ClearBridge Investments Ltd lifted its position in Exelon by 15.4% in the second quarter. ClearBridge Investments Ltd now owns 5,816,119 shares of the company’s stock valued at $257,712,000 after purchasing an additional 776,714 shares during the last quarter. Hedge funds and other institutional investors own 80.06% of the company’s stock.

Several brokerages have weighed in on EXC. BMO Capital Markets boosted their price objective on Exelon from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, September 13th. Mizuho raised Exelon from a “neutral” rating to a “buy” rating and boosted their target price for the company from $47.50 to $53.00 in a research note on Tuesday, September 14th. Zacks Investment Research raised Exelon from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a research note on Monday, September 6th. Morgan Stanley boosted their target price on Exelon from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, August 19th. Finally, Wells Fargo & Company boosted their target price on Exelon from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $52.33.

Shares of EXC stock opened at $49.08 on Thursday. The stock has a market cap of $47.99 billion, a price-to-earnings ratio of 49.58, a PEG ratio of 5.93 and a beta of 0.44. The business’s fifty day moving average is $48.98 and its 200 day moving average is $46.57. Exelon Co. has a twelve month low of $38.35 and a twelve month high of $50.99. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 1.03.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.19. The company had revenue of $7.92 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Exelon had a return on equity of 7.42% and a net margin of 2.80%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 earnings per share. Equities research analysts expect that Exelon Co. will post 2.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 13th were paid a $0.3825 dividend. The ex-dividend date was Thursday, August 12th. This represents a $1.53 annualized dividend and a yield of 3.12%. Exelon’s payout ratio is 47.52%.

About Exelon

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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