Exelon Co. (NASDAQ:EXC) Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its position in Exelon Co. (NASDAQ:EXC) by 3.9% in the 4th quarter, Holdings Channel reports. The fund owned 109,585 shares of the company’s stock after purchasing an additional 4,146 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Exelon were worth $4,125,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXC. Vanguard Group Inc. increased its stake in shares of Exelon by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock valued at $4,792,903,000 after acquiring an additional 3,064,673 shares during the last quarter. State Street Corp grew its holdings in Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after purchasing an additional 2,156,259 shares during the period. Geode Capital Management LLC increased its position in Exelon by 1.6% during the third quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock worth $1,048,823,000 after purchasing an additional 403,542 shares during the last quarter. FMR LLC raised its stake in 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 purchasing an additional 1,858,502 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Exelon by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock valued at $363,626,000 after purchasing an additional 160,313 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Price Performance

EXC stock opened at $44.25 on Friday. The firm has a market cap of $44.67 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. 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 Co. has a 1 year low of $34.01 and a 1 year high of $45.20. The stock has a 50-day simple moving average of $42.40 and a 200-day simple moving average of $40.09.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business earned $0.60 earnings per share. On average, equities analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on EXC shares. Scotiabank upped their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Barclays upped their price target on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. UBS Group lifted their price objective on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Evercore ISI raised shares of Exelon from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $44.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

Insider Buying and Selling at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’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 transaction, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Exelon 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.