AIA Group Ltd Takes $320,000 Position in Exelon Co. (NASDAQ:EXC)

AIA Group Ltd purchased a new position in shares of Exelon Co. (NASDAQ:EXC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,511 shares of the company’s stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXC. Sciencast Management LP bought a new position in shares of Exelon during the first quarter worth about $1,461,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Exelon by 28.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 24,792 shares of the company’s stock valued at $931,000 after buying an additional 5,483 shares during the period. Empirical Finance LLC raised its stake in Exelon by 3.5% during the 1st quarter. Empirical Finance LLC now owns 35,624 shares of the company’s stock valued at $1,338,000 after acquiring an additional 1,210 shares in the last quarter. RIA Advisory Group LLC acquired a new position in shares of Exelon during the first quarter valued at $247,000. Finally, Central Pacific Bank Trust Division acquired a new position in Exelon during the 1st quarter valued at about $54,000. Institutional investors own 80.92% of the company’s stock.

Analyst Ratings Changes

EXC has been the topic of several research reports. StockNews.com raised Exelon from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Wells Fargo & Company increased their price target on Exelon from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, May 3rd. Scotiabank cut their price objective on Exelon from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Morgan Stanley decreased their target price on shares of Exelon from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Finally, BMO Capital Markets boosted their price target on shares of Exelon from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.91.

Exelon Price Performance

Shares of EXC stock opened at $35.24 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.03 and a quick ratio of 0.93. The stock’s fifty day simple moving average is $36.24 and its 200 day simple moving average is $36.18. Exelon Co. has a one year low of $33.35 and a one year high of $43.53. The firm has a market cap of $35.24 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.53 and a beta of 0.52.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Exelon had a net margin of 10.44% and a return on equity of 9.27%. The company had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. On average, analysts expect that Exelon Co. will post 2.42 earnings per share for the current fiscal year.

Exelon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were given a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 4.31%. Exelon’s payout ratio is 65.52%.

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.