Bare Financial Services Inc Invests $126,000 in Exelon Co. (NASDAQ:EXC)

Bare Financial Services Inc acquired a new stake in Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,502 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors also recently modified their holdings of EXC. DekaBank Deutsche Girozentrale boosted its position in shares of Exelon by 507.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,161,879 shares of the company’s stock valued at $119,505,000 after acquiring an additional 2,641,756 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Exelon by 501.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,290,847 shares of the company’s stock valued at $86,571,000 after acquiring an additional 1,909,731 shares during the period. Invesco Ltd. boosted its position in shares of Exelon by 12.2% in the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after acquiring an additional 1,092,736 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Exelon by 112.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,910,912 shares of the company’s stock valued at $72,213,000 after acquiring an additional 1,011,224 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Exelon by 3,481.3% in the fourth quarter. International Assets Investment Management LLC now owns 799,316 shares of the company’s stock valued at $28,695,000 after acquiring an additional 776,997 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXC has been the subject of several research analyst reports. Barclays lifted their target price on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. StockNews.com upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Mizuho upgraded shares of Exelon from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $39.00 in a report on Wednesday, January 10th. Seaport Res Ptn lowered shares of Exelon from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.92.

Exelon Trading Up 0.1 %

Exelon stock traded up $0.05 during mid-day trading on Thursday, reaching $37.89. 5,575,098 shares of the company traded hands, compared to its average volume of 6,548,352. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.73. The firm’s 50 day moving average price is $36.88 and its 200 day moving average price is $37.04. The firm has a market capitalization of $37.87 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 2.74 and a beta of 0.53. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $43.53.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $3.87 billion. Exelon had a net margin of 10.72% and a return on equity of 9.40%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. On average, analysts anticipate that Exelon Co. will post 2.41 earnings per share for the current fiscal year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Friday, May 10th. Exelon’s payout ratio is currently 65.24%.

Exelon Company 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.