Amundi Acquires 2,160,201 Shares of Exelon Co. (NASDAQ:EXC)

Amundi increased its holdings in Exelon Co. (NASDAQ:EXC - Free Report) by 53.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,174,458 shares of the company's stock after purchasing an additional 2,160,201 shares during the period. Amundi owned approximately 0.61% of Exelon worth $235,390,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company's stock worth $238,608,000 after buying an additional 3,068,309 shares during the period. State Street Corp increased its stake in Exelon by 3.7% in the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company's stock worth $2,439,862,000 after buying an additional 2,156,259 shares during the period. Nordea Investment Management AB increased its stake in Exelon by 418.1% in the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company's stock worth $94,152,000 after buying an additional 2,018,604 shares during the period. FMR LLC increased its stake in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after buying an additional 1,858,502 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Exelon by 212.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,903,482 shares of the company's stock worth $71,647,000 after buying an additional 1,293,753 shares during the period. Institutional investors own 80.92% of the company's stock.

Exelon Stock Up 0.5 %

NASDAQ:EXC opened at $43.11 on Monday. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.19. The stock has a market capitalization of $43.33 billion, a P/E 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. The company's 50-day simple moving average is $40.74 and its 200-day simple moving average is $39.56.

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Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the company posted $0.60 EPS. On average, equities 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 will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.71%. Exelon's dividend payout ratio (DPR) is currently 65.31%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EXC shares. Barclays increased their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Finally, Scotiabank increased their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $44.13.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the transaction, the executive vice president now directly owns 2,271 shares of the company's stock, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

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.

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