64,695 Shares in Exelon Corporation $EXC Acquired by Tredje AP fonden

Tredje AP fonden purchased a new position in Exelon Corporation (NASDAQ:EXC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 64,695 shares of the company’s stock, valued at approximately $2,809,000.

Other large investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. raised its stake in Exelon by 354.9% during the first quarter. Edgestream Partners L.P. now owns 193,388 shares of the company’s stock valued at $8,911,000 after purchasing an additional 150,876 shares in the last quarter. Arizona State Retirement System raised its position in shares of Exelon by 3.6% during the 1st quarter. Arizona State Retirement System now owns 294,857 shares of the company’s stock valued at $13,587,000 after buying an additional 10,176 shares in the last quarter. Cerity Partners LLC raised its position in shares of Exelon by 14.9% during the 1st quarter. Cerity Partners LLC now owns 485,968 shares of the company’s stock valued at $22,393,000 after buying an additional 63,009 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Exelon during the 1st quarter valued at about $47,789,000. Finally, Intech Investment Management LLC raised its position in shares of Exelon by 24.6% during the 1st quarter. Intech Investment Management LLC now owns 44,576 shares of the company’s stock valued at $2,054,000 after buying an additional 8,809 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXC. Jefferies Financial Group set a $57.00 price objective on Exelon in a research report on Wednesday, October 15th. UBS Group increased their price target on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, October 10th. TD Cowen began coverage on Exelon in a report on Thursday, October 16th. They set a “hold” rating and a $49.00 price target on the stock. Barclays increased their price target on Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, KeyCorp increased their target price on shares of Exelon from $37.00 to $42.00 and gave the company an “underweight” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.55.

Exelon Trading Down 2.0%

Shares of NASDAQ EXC opened at $46.12 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. The business’s 50 day moving average price is $45.22 and its 200-day moving average price is $44.54. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51. The company has a market cap of $46.58 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.93 and a beta of 0.40.

Exelon (NASDAQ:EXC) last released its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is currently 60.84%.

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.