Exelon Co. (NASDAQ:EXC) Shares Purchased by Korea Investment CORP

Korea Investment CORP boosted its position in shares of Exelon Co. (NASDAQ:EXC - Free Report) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 822,958 shares of the company's stock after acquiring an additional 118,252 shares during the period. Korea Investment CORP owned 0.08% of Exelon worth $30,976,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new stake in shares of Exelon in the 4th quarter worth $28,000. Stephens Consulting LLC raised its stake in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after buying an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in Exelon in the fourth quarter worth about $30,000. Crews Bank & Trust purchased a new stake in shares of Exelon during the fourth quarter worth about $34,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Exelon by 119.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock valued at $35,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company's stock.

Analysts Set New Price Targets

EXC has been the subject of a number of recent analyst reports. UBS Group lifted their target price on shares of Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Scotiabank upped their target price on Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. BMO Capital Markets restated an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. Evercore ISI raised Exelon from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, Barclays lifted their target price on Exelon from $42.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.13.

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Exelon Stock Performance

NASDAQ:EXC traded up $0.11 during trading hours on Wednesday, reaching $46.03. The company had a trading volume of 2,447,517 shares, compared to its average volume of 7,601,584. The firm has a market cap of $46.47 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $46.47. The business's 50 day moving average price is $42.75 and its 200-day moving average price is $40.23. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings results 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 net margin of 10.68% and a return on equity of 9.52%. During the same quarter in the prior year, the firm earned $0.60 EPS. Research analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

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

Insider Buying and Selling

In other news, EVP Colette D. Honorable sold 1,463 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value 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 $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.