Fisher Funds Management LTD Invests $9.04 Million in Exelon Co. (NASDAQ:EXC)

Fisher Funds Management LTD acquired a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 240,789 shares of the company's stock, valued at approximately $9,040,000.

Several other large investors also recently made changes to their positions in the business. Stephens Consulting LLC boosted its holdings in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after acquiring an additional 343 shares during the period. Brown Lisle Cummings Inc. purchased a new position in shares of Exelon in the fourth quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in Exelon during the 3rd quarter valued at $32,000. Crews Bank & Trust acquired a new position in Exelon in the 4th quarter worth $34,000. Finally, Versant Capital Management Inc boosted its position in Exelon by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company's stock valued at $39,000 after buying an additional 379 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company's stock.

Exelon Stock Performance

EXC stock traded up $0.02 during trading on Wednesday, hitting $44.06. 11,506,931 shares of the company's stock traded hands, compared to its average volume of 7,289,694. The stock has a market capitalization of $44.29 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $44.26. The stock has a fifty day moving average price of $39.71 and a two-hundred day moving average price of $39.20. 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 (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data 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 quarter in the prior year, the firm posted $0.60 earnings per share. As a group, equities analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. This is an increase from Exelon's previous quarterly dividend of $0.38. The ex-dividend date is Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.63%. Exelon's dividend payout ratio (DPR) is 65.31%.

Analyst Ratings Changes

A number of analysts have recently issued reports on EXC shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research report on Tuesday, February 4th. Scotiabank lifted their price objective on Exelon from $42.00 to $44.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Guggenheim upgraded Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley cut their price target 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $44.13.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the business'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 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 SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

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.