158,197 Shares in Exelon Co. (NASDAQ:EXC) Purchased by Allianz SE

Allianz SE purchased a new position in Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 158,197 shares of the company’s stock, valued at approximately $5,953,000.

A number of other institutional investors have also added to or reduced their stakes in EXC. Vanguard Group Inc. lifted its position in shares of Exelon by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after buying an additional 3,064,673 shares in the last quarter. State Street Corp raised its holdings in shares of Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Exelon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock valued at $1,048,823,000 after acquiring an additional 403,542 shares during the last quarter. Norges Bank purchased a new position in shares of Exelon in the fourth quarter valued at $479,597,000. Finally, FMR LLC increased its position in Exelon by 18.7% in the third quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after purchasing an additional 1,858,502 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the completion of the sale, the executive vice president now directly owns 2,271 shares in the company, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Exelon Trading Up 1.0 %

Shares of NASDAQ EXC opened at $44.71 on Friday. The business’s 50 day moving average price is $42.51 and its 200-day moving average price is $40.14. Exelon Co. has a fifty-two week low of $34.01 and a fifty-two week high of $45.20. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The company has a market cap of $45.14 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share 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 quarter in the prior year, the business earned $0.60 earnings per share. On average, sell-side analysts expect that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.40 dividend. This is a positive change from Exelon’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.58%. Exelon’s payout ratio is presently 65.31%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Guggenheim upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group increased their price target on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Morgan Stanley lifted their price target on Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Scotiabank upped their price objective on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and an average price target of $45.13.

Exelon 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.