AMF Tjanstepension AB Buys 237,989 Shares of Exelon Co. (NASDAQ:EXC)

AMF Tjanstepension AB lifted its stake in Exelon Co. (NASDAQ:EXC) by 46.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 751,415 shares of the company’s stock after purchasing an additional 237,989 shares during the quarter. AMF Tjanstepension AB’s holdings in Exelon were worth $28,306,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EXC. Rosenberg Matthew Hamilton lifted its position in Exelon by 12.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,457 shares of the company’s stock valued at $92,000 after acquiring an additional 275 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Exelon by 3.1% in the 4th quarter. Wesbanco Bank Inc. now owns 9,951 shares of the company’s stock valued at $375,000 after acquiring an additional 296 shares in the last quarter. PFG Investments LLC lifted its position in Exelon by 2.4% in the 4th quarter. PFG Investments LLC now owns 13,151 shares of the company’s stock valued at $495,000 after acquiring an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Exelon by 1.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 18,505 shares of the company’s stock valued at $697,000 after acquiring an additional 311 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Exelon by 3.0% in the 4th quarter. Blue Trust Inc. now owns 11,085 shares of the company’s stock valued at $450,000 after acquiring an additional 322 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on EXC. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Morgan Stanley decreased 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. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays boosted their target price on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Scotiabank boosted their target price on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Exelon Trading Up 0.5 %

NASDAQ:EXC opened at $43.11 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78. The firm has a market capitalization of $43.33 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth 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 $45.19. The business has a fifty day moving average price of $40.63 and a 200-day moving average price of $39.49.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data 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 return on equity of 9.52% and a net margin of 10.68%. During the same period last year, the business posted $0.60 earnings per share. Sell-side analysts forecast that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

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

Insider Transactions at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. This represents a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by company 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.