Allianz SE Buys New Shares in Exelon Co. (NASDAQ:EXC)

Allianz SE bought a new stake in Exelon Co. (NASDAQ:EXC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 158,197 shares of the company's stock, valued at approximately $5,953,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Czech National Bank raised its holdings in shares of Exelon by 7.0% in the fourth quarter. Czech National Bank now owns 217,868 shares of the company's stock valued at $8,201,000 after buying an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Exelon by 20.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company's stock valued at $61,158,000 after acquiring an additional 279,827 shares during the last quarter. HITE Hedge Asset Management LLC lifted its position in Exelon by 431.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company's stock worth $16,051,000 after acquiring an additional 321,333 shares during the period. State Street Corp grew its stake in shares of Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new stake in shares of Exelon during the fourth quarter worth approximately $2,274,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EXC shares. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley increased their target price on Exelon from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Barclays increased their price objective on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $45.13.

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Exelon Price Performance

Shares of NASDAQ:EXC traded up $1.34 during midday trading on Thursday, hitting $47.31. 3,718,339 shares of the stock were exchanged, compared to its average volume of 6,847,897. The stock has a market cap of $47.76 billion, a P/E ratio of 19.31, a PEG ratio of 2.86 and a beta of 0.51. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $47.48. The company has a 50 day moving average price of $42.89 and a 200-day moving average price of $40.27. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period in the prior year, the firm earned $0.60 EPS. On average, research analysts forecast that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.38%. This is a boost from Exelon's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. Exelon's payout ratio is 65.31%.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the transaction, the executive vice president now owns 2,271 shares of the company's stock, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.10% of the company's stock.

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.