DnB Asset Management AS Buys 23,647 Shares of Exelon Co. (NASDAQ:EXC)

DnB Asset Management AS boosted its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,429 shares of the company's stock after acquiring an additional 23,647 shares during the period. DnB Asset Management AS's holdings in Exelon were worth $15,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 3,064,673 shares in the last quarter. State Street Corp grew its position in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company's stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares in the last quarter. Geode Capital Management LLC grew its position in Exelon by 1.6% in the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company's stock worth $1,048,823,000 after acquiring an additional 403,542 shares in the last quarter. Norges Bank purchased a new stake in Exelon during the fourth quarter valued at about $479,597,000. Finally, FMR LLC lifted its stake in Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company's stock worth $477,782,000 after purchasing an additional 1,858,502 shares during the last quarter. Institutional investors own 80.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Barclays lifted their target price on shares of Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Scotiabank upped their price target on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Finally, Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Exelon has an average rating of "Moderate Buy" and a consensus price target of $45.13.

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Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

Exelon Stock Up 0.1 %

Exelon stock traded up $0.06 during trading hours on Wednesday, hitting $45.98. 3,146,511 shares of the stock traded hands, compared to its average volume of 6,846,757. Exelon Co. has a one year low of $34.01 and a one year high of $46.46. The company has a market cap of $46.42 billion, a PE ratio of 18.77, a PEG ratio of 2.86 and a beta of 0.51. The firm's 50-day moving average price is $42.75 and its two-hundred day moving average price is $40.23. 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 posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the business earned $0.60 earnings per share. On average, research analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

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

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.