KLP Kapitalforvaltning AS Purchases Shares of 946,144 Exelon Co. (NASDAQ:EXC)

KLP Kapitalforvaltning AS bought a new position in Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 946,144 shares of the company's stock, valued at approximately $35,613,000. KLP Kapitalforvaltning AS owned approximately 0.09% of Exelon as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in Exelon by 12.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company's stock worth $92,000 after acquiring an additional 275 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Exelon by 3.1% in the fourth quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company's stock worth $375,000 after buying an additional 296 shares during the period. PFG Investments LLC raised its holdings in Exelon by 2.4% during the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company's stock valued at $495,000 after buying an additional 305 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Exelon by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company's stock valued at $697,000 after buying an additional 311 shares during the period. Finally, Blue Trust Inc. boosted its position in Exelon by 3.0% during the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company's stock valued at $450,000 after buying an additional 322 shares during the period. Institutional investors own 80.92% of the company's stock.

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Exelon Stock Up 0.5 %

Shares of EXC traded up $0.23 on Thursday, hitting $44.25. 7,009,399 shares of the stock traded hands, compared to its average volume of 6,274,243. Exelon Co. has a one year low of $34.01 and a one year high of $45.20. The company has a market capitalization of $44.67 billion, a PE ratio of 18.06, a P/E/G ratio of 2.86 and a beta of 0.51. The business has a 50 day simple moving average of $42.31 and a 200 day simple moving average of $40.06. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share 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 previous year, the company earned $0.60 earnings per share. As a group, equities analysts forecast that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.62%. This is a boost from Exelon's previous quarterly dividend of $0.38. The ex-dividend date was Monday, February 24th. Exelon's dividend payout ratio (DPR) is presently 65.31%.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXC shares. Evercore ISI upgraded shares of Exelon from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Barclays boosted their price objective on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Guggenheim raised shares of Exelon from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price objective on Exelon from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group increased their target price on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $45.13.

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.