AIA Group Ltd Acquires 60,472 Shares of Exelon Co. (NASDAQ:EXC)

AIA Group Ltd raised its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 710.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,983 shares of the company's stock after buying an additional 60,472 shares during the quarter. AIA Group Ltd's holdings in Exelon were worth $2,597,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Exelon in the fourth quarter worth $479,597,000. JPMorgan Chase & Co. increased its position in shares of Exelon by 109.0% during the 3rd 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 during the period. Vanguard Group Inc. grew its holdings in Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company's stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares during the period. Amundi grew its stake in shares of Exelon by 53.8% in the 4th quarter. Amundi now owns 6,174,458 shares of the company's stock worth $235,390,000 after purchasing an additional 2,160,201 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company's stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXC has been the topic of a number of analyst reports. BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. UBS Group boosted their price target on shares of Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Evercore ISI upgraded Exelon from an "in-line" rating to an "outperform" rating and increased their target price for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $45.13.

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Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction 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 transaction, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Exelon Stock Up 0.1 %

Shares of NASDAQ:EXC traded up $0.05 during trading on Wednesday, reaching $45.97. 6,829,861 shares of the company traded hands, compared to its average volume of 6,858,993. The firm has a fifty day simple moving average of $42.89 and a 200 day simple moving average of $40.27. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $46.46. The firm has a market cap of $46.41 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (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 business earned $0.60 earnings per share. Analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.48%. This is an increase from Exelon's previous quarterly dividend of $0.38. Exelon's dividend payout ratio (DPR) is currently 65.31%.

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.