one8zero8 LLC Purchases Shares of 20,233 Exelon Co. (NASDAQ:EXC)

one8zero8 LLC purchased a new stake in Exelon Co. (NASDAQ:EXC) during the 4th quarter, Holdings Channel.com reports. The fund purchased 20,233 shares of the company’s stock, valued at approximately $762,000.

Several other hedge funds also recently added to or reduced their stakes in EXC. JPMorgan Chase & Co. increased its stake in Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares during the last quarter. Amundi grew its position in shares of Exelon by 53.8% during the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after acquiring an additional 2,160,201 shares during the last quarter. State Street Corp grew its position in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Exelon by 418.1% during the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after acquiring an additional 2,018,604 shares during the last quarter. Finally, FMR LLC grew its position in shares of Exelon by 18.7% during the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after acquiring an additional 1,858,502 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $59,353.91. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Exelon Price Performance

Shares of NASDAQ EXC opened at $44.19 on Friday. The firm has a market capitalization of $44.42 billion, a P/E ratio of 18.04, a PEG ratio of 2.86 and a beta of 0.51. Exelon Co. has a one year low of $34.01 and a one year high of $45.20. The company’s fifty day moving average is $41.32 and its two-hundred day moving average is $39.74. 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) last issued its earnings results on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 last year, the company posted $0.60 EPS. Analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.40 dividend. The ex-dividend date was Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.62%. Exelon’s payout ratio is currently 65.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Scotiabank increased their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Morgan Stanley decreased their price target on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Exelon currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

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.