Livforsakringsbolaget Skandia Omsesidigt Increases Stock Holdings in Exelon Co. (NASDAQ:EXC)

Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Exelon Co. (NASDAQ:EXC) by 262.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,037 shares of the company’s stock after buying an additional 2,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Exelon were worth $109,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Steph & Co. grew its stake in Exelon by 2.0% during the 4th quarter. Steph & Co. now owns 19,831 shares of the company’s stock valued at $712,000 after purchasing an additional 397 shares in the last quarter. Maple Brown Abbott Ltd grew its stake in Exelon by 38.0% during the 4th quarter. Maple Brown Abbott Ltd now owns 2,349,580 shares of the company’s stock valued at $84,350,000 after purchasing an additional 646,710 shares in the last quarter. KLCM Advisors Inc. grew its position in shares of Exelon by 23.9% in the 4th quarter. KLCM Advisors Inc. now owns 7,503 shares of the company’s stock worth $269,000 after acquiring an additional 1,448 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Exelon by 16.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,014 shares of the company’s stock worth $16,909,000 after acquiring an additional 66,676 shares in the last quarter. Finally, SVB Wealth LLC grew its position in shares of Exelon by 25.4% in the 4th quarter. SVB Wealth LLC now owns 11,773 shares of the company’s stock worth $423,000 after acquiring an additional 2,381 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Price Performance

NASDAQ EXC opened at $36.68 on Friday. Exelon Co. has a twelve month low of $33.35 and a twelve month high of $43.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a market capitalization of $36.66 billion, a PE ratio of 15.74, a P/E/G ratio of 2.66 and a beta of 0.54. The stock has a 50-day simple moving average of $36.35 and a 200 day simple moving average of $37.10.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Exelon had a return on equity of 9.40% and a net margin of 10.72%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 15.0% compared to the same quarter last year. Research analysts anticipate that Exelon Co. will post 2.41 EPS for the current year.

Exelon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, March 1st. This is a boost from Exelon’s previous quarterly dividend of $0.36. Exelon’s payout ratio is currently 65.24%.

Wall Street Analysts Forecast Growth

EXC has been the subject of several research reports. Barclays lifted their target price on Exelon from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. UBS Group downgraded Exelon from a “buy” rating to a “neutral” rating and cut their target price for the company from $47.00 to $37.00 in a research note on Tuesday, January 2nd. TheStreet downgraded Exelon from a “b-” rating to a “c+” rating in a research note on Wednesday, February 7th. Bank of America dropped their price objective on Exelon from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th. Finally, Mizuho raised Exelon from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $39.00 in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.09.

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.