Harbor Capital Advisors Inc. Acquires 274 Shares of Exelon Co. (NASDAQ:EXC)

Harbor Capital Advisors Inc. grew its holdings in Exelon Co. (NASDAQ:EXC) by 1.0% during the third quarter, Holdings Channel.com reports. The firm owned 28,392 shares of the company’s stock after acquiring an additional 274 shares during the period. Harbor Capital Advisors Inc.’s holdings in Exelon were worth $1,151,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EXC. Foundations Investment Advisors LLC lifted its position in Exelon by 3.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock worth $305,000 after buying an additional 255 shares in the last quarter. Black Diamond Financial LLC increased 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 raised its position in Exelon by 2.1% in the 3rd quarter. Ballentine Partners LLC now owns 13,922 shares of the company’s stock worth $565,000 after purchasing an additional 285 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in Exelon by 3.3% during the 2nd 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 boosted 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. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.3 %

Shares of Exelon stock opened at $38.47 on Wednesday. The company has a market capitalization of $38.66 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 2.72 and a beta of 0.54. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The business has a 50-day moving average of $39.66 and a two-hundred day moving average of $37.74. Exelon Co. has a 1 year low of $33.35 and a 1 year high of $41.42.

Exelon (NASDAQ:EXC) last posted its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the business earned $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 3.95%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is presently 62.55%.

Analyst Upgrades and Downgrades

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

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.