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

AMF Tjanstepension AB boosted its holdings in shares of Exelon Co. (NASDAQ:EXC) by 46.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 751,415 shares of the company’s stock after buying an additional 237,989 shares during the period. AMF Tjanstepension AB owned approximately 0.07% of Exelon worth $28,306,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Exelon by 47.7% during the third quarter. Farther Finance Advisors LLC now owns 7,246 shares of the company’s stock valued at $294,000 after purchasing an additional 2,339 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Exelon by 2.5% during the third quarter. Janney Montgomery Scott LLC now owns 123,357 shares of the company’s stock valued at $5,002,000 after purchasing an additional 3,045 shares in the last quarter. Principal Financial Group Inc. raised its position in Exelon by 3.3% during the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock valued at $47,029,000 after purchasing an additional 36,734 shares in the last quarter. Summit Global Investments purchased a new stake in Exelon during the third quarter valued at about $367,000. Finally, Stiles Financial Services Inc purchased a new stake in Exelon during the third quarter valued at about $213,000. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 0.5 %

Shares of NASDAQ:EXC opened at $43.11 on Friday. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $45.19. The company has a market cap of $43.33 billion, a PE ratio of 17.60, a P/E/G ratio of 2.86 and a beta of 0.51. 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 stock’s 50-day moving average is $40.63 and its 200 day moving average is $39.49.

Exelon (NASDAQ:EXC) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.60 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and raised their price target for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Morgan Stanley lowered their price target on 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 upgraded Exelon from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Scotiabank lifted 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. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Activity at Exelon

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of Exelon 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 sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is 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.