Allianz SE Acquires New Holdings in Exelon Co. (NASDAQ:EXC)

Allianz SE bought a new stake in Exelon Co. (NASDAQ:EXC) during the 4th quarter, Holdings Channel.com reports. The fund bought 158,197 shares of the company’s stock, valued at approximately $5,953,000.

Other large investors have also added to or reduced their stakes in the company. Allstate Corp acquired a new position in shares of Exelon during the fourth quarter worth $1,140,000. DnB Asset Management AS grew its stake in Exelon by 6.0% during the 4th quarter. DnB Asset Management AS now owns 420,429 shares of the company’s stock worth $15,825,000 after buying an additional 23,647 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Exelon by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 863,326 shares of the company’s stock valued at $32,496,000 after buying an additional 3,306 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Exelon in the fourth quarter valued at about $3,314,000. Finally, Norges Bank acquired a new stake in Exelon in the fourth quarter worth about $479,597,000. 80.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Colette D. Honorable sold 1,463 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total value of $59,353.91. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Guggenheim raised shares of Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Scotiabank lifted their price target on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. UBS Group lifted their price objective on shares of Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Barclays increased their price objective on shares of Exelon from $42.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Exelon presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.13.

Exelon Stock Up 1.0 %

NASDAQ EXC opened at $44.71 on Friday. The business has a fifty day moving average price of $42.51 and a 200 day moving average price of $40.14. 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 P/E ratio of 18.25, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon Co. has a one year low of $34.01 and a one year high of $45.20.

Exelon (NASDAQ:EXC) last issued 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 previous year, the company posted $0.60 EPS. Research analysts anticipate that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

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

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.