iA Global Asset Management Inc. Buys 19,188 Shares of Exelon Corporation $EXC

iA Global Asset Management Inc. grew its stake in shares of Exelon Corporation (NASDAQ:EXC) by 12.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,272 shares of the company’s stock after acquiring an additional 19,188 shares during the quarter. iA Global Asset Management Inc.’s holdings in Exelon were worth $7,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hager Investment Management Services LLC increased its holdings in shares of Exelon by 100.0% during the second quarter. Hager Investment Management Services LLC now owns 670 shares of the company’s stock valued at $29,000 after acquiring an additional 335 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Exelon by 46.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 694 shares of the company’s stock valued at $32,000 after acquiring an additional 220 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Exelon during the first quarter valued at $34,000. Investment Research & Advisory Group Inc. bought a new position in shares of Exelon during the second quarter valued at $39,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Exelon during the first quarter valued at $42,000. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EXC shares. Jefferies Financial Group set a $57.00 price target on Exelon in a report on Wednesday, October 15th. Evercore ISI initiated coverage on Exelon in a report on Monday, October 6th. They issued an “outperform” rating and a $57.00 price objective for the company. Wells Fargo & Company upgraded Exelon to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen initiated coverage on Exelon in a report on Thursday, October 16th. They issued a “hold” rating and a $49.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Exelon in a report on Friday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and an average price target of $50.55.

Exelon Trading Down 2.0%

Shares of NASDAQ:EXC opened at $46.12 on Monday. The stock has a market capitalization of $46.58 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.93 and a beta of 0.40. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The stock’s 50-day simple moving average is $45.22 and its two-hundred day simple moving average is $44.54. Exelon Corporation has a 52-week low of $35.94 and a 52-week high of $48.51.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.47 billion. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Analysts expect that Exelon Corporation will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is presently 60.84%.

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.