Avanza Fonder AB Buys Shares of 105,123 Exelon Co. (NASDAQ:EXC)

Avanza Fonder AB bought a new position in shares of 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 (SEC). The firm bought 105,123 shares of the company's stock, valued at approximately $3,957,000.

Several other institutional investors have also recently made changes to their positions in EXC. Federated Hermes Inc. lifted its stake in Exelon by 192.7% in the 2nd quarter. Federated Hermes Inc. now owns 16,856 shares of the company's stock worth $583,000 after purchasing an additional 11,098 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exelon by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,246,500 shares of the company's stock worth $112,364,000 after purchasing an additional 237,950 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Exelon by 0.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 206,043 shares of the company's stock worth $7,123,000 after buying an additional 1,653 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Exelon by 13.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 36,793 shares of the company's stock valued at $1,273,000 after buying an additional 4,288 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Exelon by 9.2% during the 2nd quarter. Blair William & Co. IL now owns 31,109 shares of the company's stock valued at $1,077,000 after buying an additional 2,627 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EXC shares. UBS Group upped their price objective on Exelon from $40.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, September 20th. Barclays increased their price objective on shares of Exelon from $41.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Scotiabank lifted their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Finally, Morgan Stanley decreased their target price on shares of Exelon from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $42.38.

Exelon Trading Up 0.2 %

NASDAQ:EXC traded up $0.08 during mid-day trading on Friday, hitting $39.42. 6,140,499 shares of the stock traded hands, compared to its average volume of 5,853,486. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19. The stock has a market capitalization of $39.61 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.48 and a beta of 0.55. The firm's 50 day moving average is $38.01 and its two-hundred day moving average is $38.19.

Exelon (NASDAQ:EXC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. Exelon's dividend payout ratio (DPR) is 62.55%.

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.