OFI Invest Asset Management Takes Position in Exelon Co. (NASDAQ:EXC)

OFI Invest Asset Management acquired a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 705,677 shares of the company's stock, valued at approximately $25,651,000. OFI Invest Asset Management owned 0.07% of Exelon as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Exelon by 109.0% during the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock valued at $238,608,000 after purchasing an additional 3,068,309 shares in the last quarter. Amundi boosted its position in shares of Exelon by 53.8% during the fourth quarter. Amundi now owns 6,174,458 shares of the company's stock valued at $235,390,000 after purchasing an additional 2,160,201 shares in the last quarter. State Street Corp boosted its position in shares of Exelon by 3.7% during the third 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 in the last quarter. Nordea Investment Management AB boosted its position in shares of Exelon by 418.1% during the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company's stock valued at $94,152,000 after purchasing an additional 2,018,604 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company's stock valued at $477,782,000 after purchasing an additional 1,858,502 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

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Wall Street Analysts Forecast Growth

EXC has been the topic of several analyst reports. Evercore ISI raised Exelon from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. Scotiabank boosted their target price on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, Barclays boosted their target price on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $44.13.

Exelon Stock Performance

Shares of NASDAQ:EXC traded up $0.23 during midday trading on Friday, reaching $43.11. 6,670,169 shares of the company's stock traded hands, compared to its average volume of 7,408,646. The company has a market cap of $43.33 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.86 and a beta of 0.51. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. Exelon Co. has a one year low of $34.01 and a one year high of $45.19. The stock has a 50 day moving average of $40.74 and a 200 day moving average of $39.56.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the previous year, the firm earned $0.60 earnings per share. As a group, equities research analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio is 65.31%.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was 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. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.