Caisse Des Depots ET Consignations Invests $4.28 Million in Exelon Co. (NASDAQ:EXC)

Caisse Des Depots ET Consignations acquired a new stake in shares of Exelon Co. (NASDAQ:EXC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 113,783 shares of the company’s stock, valued at approximately $4,283,000.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Exelon by 109.0% in the third quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock worth $238,608,000 after purchasing an additional 3,068,309 shares during the last quarter. Vanguard Group Inc. grew its stake in Exelon by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after acquiring an additional 3,064,673 shares in the last quarter. Amundi increased its position in shares of Exelon by 53.8% during the fourth quarter. Amundi now owns 6,174,458 shares of the company’s stock worth $235,390,000 after acquiring an additional 2,160,201 shares during the period. State Street Corp raised its stake in shares of Exelon by 3.7% during the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after acquiring an additional 2,156,259 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Exelon by 418.1% in the fourth quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock valued at $94,152,000 after purchasing an additional 2,018,604 shares during the period. Institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $43.00 to $44.00 in a research note on Tuesday, January 21st. Morgan Stanley boosted their price objective on shares of Exelon from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Finally, Barclays upped their price objective on Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Exelon presently has an average rating of “Moderate Buy” and a consensus price target of $45.13.

Insider Buying and Selling at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction on 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 of the company’s stock, valued at approximately $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Exelon Trading Up 2.9 %

EXC stock opened at $44.02 on Thursday. Exelon Co. has a 12-month low of $34.01 and a 12-month high of $45.20. The business’s 50-day moving average is $42.31 and its 200 day moving average is $40.06. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The stock has a market cap of $44.44 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $0.60 EPS. On average, sell-side analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.40 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio is currently 65.31%.

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.