Forsta AP Fonden reduced its holdings in shares of Exelon Corporation (NASDAQ:EXC – Free Report) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 456,500 shares of the company’s stock after selling 99,900 shares during the quarter. Forsta AP Fonden’s holdings in Exelon were worth $19,899,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EXC. Allianz Asset Management GmbH boosted its holdings in Exelon by 170.8% during the third quarter. Allianz Asset Management GmbH now owns 4,504,366 shares of the company’s stock worth $202,742,000 after purchasing an additional 2,841,118 shares during the last quarter. ASR Vermogensbeheer N.V. grew its position in Exelon by 28.4% in the 4th quarter. ASR Vermogensbeheer N.V. now owns 272,233 shares of the company’s stock worth $11,867,000 after purchasing an additional 60,250 shares in the last quarter. Nordea Investment Management AB increased its stake in Exelon by 14.6% in the 4th quarter. Nordea Investment Management AB now owns 8,048,355 shares of the company’s stock valued at $352,397,000 after buying an additional 1,024,106 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Exelon by 36.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 83,551 shares of the company’s stock valued at $3,761,000 after buying an additional 22,256 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan lifted its position in shares of Exelon by 303.7% during the 3rd quarter. Canada Post Corp Registered Pension Plan now owns 60,799 shares of the company’s stock worth $2,692,000 after buying an additional 45,740 shares in the last quarter. 80.92% of the stock is owned by institutional investors.
Exelon Trading Up 0.1%
Shares of EXC opened at $45.64 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.94 and a quick ratio of 0.85. Exelon Corporation has a 1-year low of $42.11 and a 1-year high of $50.65. The company has a market capitalization of $46.70 billion, a P/E ratio of 16.72, a P/E/G ratio of 2.64 and a beta of 0.32. The firm’s 50 day simple moving average is $46.75 and its 200 day simple moving average is $46.02.
Exelon Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, June 4th will be issued a $0.42 dividend. The ex-dividend date is Thursday, June 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.7%. Exelon’s payout ratio is currently 61.54%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Weiss Ratings raised shares of Exelon from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on Exelon from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Barclays lowered Exelon from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $50.00 to $49.00 in a report on Friday, April 17th. Mizuho set a $48.00 target price on Exelon and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Scotiabank upped their price target on Exelon from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Exelon has an average rating of “Hold” and an average price target of $50.27.
Exelon Profile
Exelon Corporation (NASDAQ: EXC) is a Chicago-based energy company that operates primarily as a regulated electric and natural gas utility holding company. The company’s businesses focus on the delivery of electricity and related services to residential, commercial and industrial customers, as well as investments in grid modernization, customer energy solutions and demand-side programs. Exelon’s operations emphasize reliable service delivery, infrastructure maintenance and regulatory compliance across its utility footprint.
Formed in 2000 through the merger of Unicom and PECO Energy, Exelon historically combined generation and regulated utility businesses.
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