iA Global Asset Management Inc. Buys 23,524 Shares of Exelon Co. (NASDAQ:EXC)

iA Global Asset Management Inc. lifted its stake in Exelon Co. (NASDAQ:EXC) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,110 shares of the company’s stock after purchasing an additional 23,524 shares during the period. iA Global Asset Management Inc.’s holdings in Exelon were worth $5,126,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Heritage Wealth Advisors boosted its holdings in shares of Exelon by 247.5% during the 4th quarter. Heritage Wealth Advisors now owns 695 shares of the company’s stock valued at $25,000 after buying an additional 495 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Exelon in the 1st quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Exelon during the 1st quarter valued at approximately $26,000. Versant Capital Management Inc raised its stake in Exelon by 646.2% during the second quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after buying an additional 672 shares during the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in Exelon in the second quarter worth $28,000. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

EXC has been the subject of several analyst reports. Morgan Stanley raised their price target on Exelon from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their target price on shares of Exelon from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. BMO Capital Markets increased their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Barclays raised their price target on shares of Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Scotiabank upped their price objective on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.82.

Exelon Stock Performance

NASDAQ:EXC opened at $38.09 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $36.65. The firm has a market capitalization of $38.09 billion, a PE ratio of 16.42, a P/E/G ratio of 2.73 and a beta of 0.52. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $42.15.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same period in the prior year, the company posted $0.41 earnings per share. Analysts forecast that Exelon Co. will post 2.44 EPS for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Monday, August 12th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Monday, August 12th. Exelon’s dividend payout ratio is currently 65.52%.

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.