Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Exelon Co. (NASDAQ:EXC – Free Report) by 1,451.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,168 shares of the company’s stock after purchasing an additional 88,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Exelon were worth $3,544,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Stephens Consulting LLC raised its stake in shares of Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after buying an additional 343 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Exelon during the third quarter worth about $32,000. Brown Lisle Cummings Inc. bought a new position in shares of Exelon during the 4th quarter worth approximately $30,000. Crews Bank & Trust bought a new position in shares of Exelon during the fourth quarter valued at $34,000. Finally, Versant Capital Management Inc lifted its holdings in Exelon by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 1,047 shares of the company’s stock valued at $39,000 after purchasing an additional 379 shares during the last quarter. 80.92% of the stock is owned by institutional investors.
Exelon Stock Up 1.6 %
Exelon stock opened at $44.04 on Wednesday. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $44.24. The company has a market cap of $44.27 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. 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 company has a fifty day simple moving average of $39.71 and a 200 day simple moving average of $39.20.
Exelon Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is 65.31%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Morgan Stanley cut their price target on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank increased their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.13.
Get Our Latest Stock Analysis on Exelon
Insider Transactions 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 shares were 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 approximately $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 SEC, which can be accessed through this link. 0.10% of the stock is currently owned by corporate 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.
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