Forsta AP Fonden Acquires 9,900 Shares of Exelon Co. (NASDAQ:EXC)

Forsta AP Fonden increased its stake in Exelon Co. (NASDAQ:EXC) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,000 shares of the company’s stock after purchasing an additional 9,900 shares during the period. Forsta AP Fonden’s holdings in Exelon were worth $9,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock worth $3,956,525,000 after purchasing an additional 14,749,899 shares during the last quarter. Clearbridge Investments LLC lifted its position in Exelon by 10.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,645,737 shares of the company’s stock worth $61,830,000 after buying an additional 156,201 shares during the last quarter. Czech National Bank boosted its stake in Exelon by 8.8% in the second quarter. Czech National Bank now owns 190,537 shares of the company’s stock worth $6,594,000 after buying an additional 15,389 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Exelon during the first quarter worth approximately $1,461,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Exelon during the first quarter worth approximately $681,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

EXC opened at $40.07 on Monday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03. The stock has a market capitalization of $40.07 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The stock’s 50 day moving average price is $39.49 and its 200-day moving average price is $37.63. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48.

Exelon (NASDAQ:EXC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Exelon had a net margin of 10.65% and a return on equity of 9.40%. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities research analysts predict that Exelon Co. will post 2.45 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Monday, August 12th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 12th. This represents a $1.52 annualized dividend and a yield of 3.79%. Exelon’s payout ratio is 65.52%.

Wall Street Analysts Forecast Growth

EXC has been the topic of several recent research reports. Barclays increased their target price on shares of Exelon from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective on the stock. Morgan Stanley lifted their price objective on Exelon from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Scotiabank increased their target price on Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, UBS Group raised their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.33.

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.