Avanza Fonder AB Invests $3.96 Million in Exelon Co. (NASDAQ:EXC)

Avanza Fonder AB purchased a new stake in Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 105,123 shares of the company’s stock, valued at approximately $3,957,000.

A number of other large investors have also recently bought and sold shares of EXC. State Street Corp grew its stake in 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 buying an additional 2,156,259 shares during the last quarter. Geode Capital Management LLC grew its position in Exelon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock worth $1,048,823,000 after acquiring an additional 403,542 shares during the last quarter. FMR LLC raised its position in Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock valued at $477,782,000 after purchasing an additional 1,858,502 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Exelon by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock worth $363,626,000 after purchasing an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Exelon by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock worth $261,402,000 after purchasing an additional 123,466 shares in the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXC has been the subject of a number of research analyst reports. Scotiabank lifted their price target on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Morgan Stanley dropped their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. UBS Group upped their target price on shares of Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, Barclays raised their price target on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.38.

Exelon Trading Up 0.2 %

EXC opened at $39.42 on Friday. Exelon Co. has a fifty-two week low of $33.35 and a fifty-two week high of $41.19. The company has a market cap of $39.61 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.48 and a beta of 0.55. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $37.98 and a 200 day simple moving average of $38.15.

Exelon (NASDAQ:EXC) last issued its earnings results on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Exelon Co. will post 2.46 earnings per share for the current year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Friday, November 8th. Exelon’s dividend payout ratio (DPR) is currently 62.55%.

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.