Fortitude Family Office LLC Grows Stake in Exelon Co. (NASDAQ:EXC)

Fortitude Family Office LLC boosted its position in shares of Exelon Co. (NASDAQ:EXC) by 198.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,915 shares of the company’s stock after purchasing an additional 1,274 shares during the quarter. Fortitude Family Office LLC’s holdings in Exelon were worth $78,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXC. Vanguard Group Inc. increased its stake in shares of Exelon by 16.3% during the 1st quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares in the last quarter. Clearbridge Investments LLC increased its position in Exelon by 10.5% during the first quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after buying an additional 156,201 shares in the last quarter. Czech National Bank raised its holdings in shares of Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after acquiring an additional 15,389 shares during the last quarter. Sciencast Management LP purchased a new stake in shares of Exelon in the first quarter valued at $1,461,000. Finally, Acadian Asset Management LLC purchased a new position in Exelon in the 1st quarter valued at about $681,000. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC opened at $39.55 on Wednesday. The company has a market capitalization of $39.57 billion, a P/E ratio of 16.28, a PEG ratio of 2.90 and a beta of 0.53. The company has a 50-day moving average of $39.59 and a 200-day moving average of $37.67. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $41.48.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same quarter last year, the business posted $0.41 EPS. Equities analysts expect that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.84%. Exelon’s payout ratio is currently 62.55%.

Analyst Ratings Changes

A number of brokerages have issued reports on EXC. Barclays raised their price target on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Scotiabank lifted their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Morgan Stanley raised their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group assumed coverage on Exelon in a report on Thursday, September 19th. They set a “buy” rating and a $46.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Exelon presently has an average rating of “Hold” and a consensus target price of $41.33.

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.