Andra AP fonden Buys Shares of 38,400 Exelon Co. (NASDAQ:EXC)

Andra AP fonden bought a new stake in Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,400 shares of the company’s stock, valued at approximately $1,445,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. grew its stake in Exelon by 726.3% in the fourth quarter. Edgestream Partners L.P. now owns 42,512 shares of the company’s stock valued at $1,600,000 after acquiring an additional 37,367 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Exelon by 11.7% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,525 shares of the company’s stock valued at $246,000 after acquiring an additional 682 shares during the period. Callan Family Office LLC acquired a new position in Exelon in the fourth quarter valued at about $240,000. E Fund Management Co. Ltd. boosted its position in shares of Exelon by 32.3% during the fourth quarter. E Fund Management Co. Ltd. now owns 14,289 shares of the company’s stock worth $538,000 after buying an additional 3,485 shares during the period. Finally, Candriam S.C.A. boosted its position in shares of Exelon by 18.5% during the fourth quarter. Candriam S.C.A. now owns 179,067 shares of the company’s stock worth $6,740,000 after buying an additional 27,975 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXC has been the subject of several recent research reports. Scotiabank upped their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Barclays increased their price target on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Finally, Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exelon has an average rating of “Moderate Buy” and an average target price of $44.13.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Exelon Price Performance

NASDAQ:EXC opened at $43.11 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The stock’s 50 day moving average price is $40.74 and its two-hundred day moving average price is $39.56. The firm has a market capitalization of $43.33 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.19.

Exelon (NASDAQ:EXC) last released 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 return on equity of 9.52% and a net margin of 10.68%. During the same period last year, the business earned $0.60 EPS. On average, analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is 65.31%.

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.