FIL Ltd acquired a new stake in Exelon Co. (NASDAQ:EXC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,731,000 shares of the company's stock, valued at approximately $65,155,000. FIL Ltd owned about 0.17% of Exelon at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. grew its stake in Exelon by 25.8% in the 4th quarter. Invesco Ltd. now owns 13,718,745 shares of the company's stock valued at $516,374,000 after buying an additional 2,817,174 shares in the last quarter. Cerity Partners LLC grew its position in shares of Exelon by 23.0% in the fourth quarter. Cerity Partners LLC now owns 422,959 shares of the company's stock valued at $16,020,000 after purchasing an additional 79,009 shares in the last quarter. FMR LLC raised its stake in shares of Exelon by 46.9% during the 4th quarter. FMR LLC now owns 17,306,652 shares of the company's stock valued at $651,422,000 after purchasing an additional 5,524,103 shares during the period. Federated Hermes Inc. lifted its holdings in Exelon by 30.2% during the 4th quarter. Federated Hermes Inc. now owns 31,183 shares of the company's stock worth $1,174,000 after purchasing an additional 7,242 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Exelon during the fourth quarter valued at about $2,710,000. 80.92% of the stock is owned by institutional investors.
Insider Transactions at Exelon
In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares of the company's stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company's stock.
Exelon Trading Down 0.6 %
Shares of Exelon stock traded down $0.27 during trading on Tuesday, reaching $46.59. The company's stock had a trading volume of 2,970,221 shares, compared to its average volume of 7,163,775. 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 52-week low of $34.01 and a 52-week high of $48.11. The firm's 50-day moving average is $43.93 and its two-hundred day moving average is $40.64. The company has a market cap of $47.03 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 2.86 and a beta of 0.39.
Exelon (NASDAQ:EXC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 company earned $0.60 EPS. On average, sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.
Exelon Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date was Monday, February 24th. This is a boost from Exelon's previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.43%. Exelon's dividend payout ratio (DPR) is presently 65.31%.
Wall Street Analyst Weigh In
EXC has been the topic of several recent analyst reports. Guggenheim upgraded shares of Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Evercore ISI restated an "in-line" rating and set a $48.00 target price (up from $46.00) on shares of Exelon in a research report on Tuesday. UBS Group raised their price target on Exelon from $45.00 to $47.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Exelon in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.63.
View Our Latest Stock Report on EXC
About Exelon
(
Free Report)
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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