Pictet Asset Management Holding SA Has $290.15 Million Position in Exelon Co. (NASDAQ:EXC)

Pictet Asset Management Holding SA cut its stake in Exelon Co. (NASDAQ:EXC - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,708,628 shares of the company's stock after selling 422,932 shares during the period. Pictet Asset Management Holding SA owned 0.77% of Exelon worth $290,153,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Exelon during the fourth quarter valued at $28,000. Stephens Consulting LLC lifted its holdings in Exelon by 78.1% in the fourth quarter. Stephens Consulting LLC now owns 782 shares of the company's stock worth $29,000 after acquiring an additional 343 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Exelon during the fourth quarter valued at approximately $30,000. Crews Bank & Trust acquired a new stake in shares of Exelon during the 4th quarter worth approximately $34,000. Finally, Capital Advisors Ltd. LLC raised its position in shares of Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company's stock worth $35,000 after purchasing an additional 513 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Guggenheim raised Exelon from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Exelon in a research note on Tuesday, February 4th. UBS Group increased their price target on Exelon from $45.00 to $47.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Scotiabank lifted their price objective on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Finally, Barclays raised their target price on shares of Exelon from $42.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $45.13.

Remove Ads

Exelon Price Performance

EXC stock traded down $0.05 on Tuesday, hitting $46.03. 2,594,483 shares of the company's stock traded hands, compared to its average volume of 6,823,679. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market cap of $46.47 billion, a price-to-earnings ratio of 18.79, a P/E/G 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 $46.33. The stock has a fifty day moving average of $42.64 and a 200-day moving average of $40.19.

Exelon (NASDAQ:EXC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating 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 quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts forecast that Exelon Co. will post 2.64 EPS 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.48%. 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 Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the firm's stock in a transaction 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 owns 2,271 shares of the company's stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by insiders.

About Exelon

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.