Axa S.A. Boosts Stake in Exelon Co. (NASDAQ:EXC)

Axa S.A. increased its position in Exelon Co. (NASDAQ:EXC) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,245,160 shares of the company’s stock after purchasing an additional 70,433 shares during the quarter. Axa S.A. owned approximately 0.12% of Exelon worth $46,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in EXC. Wilmington Savings Fund Society FSB bought a new position in shares of Exelon during the third quarter valued at approximately $376,000. Tidal Investments LLC increased its position in Exelon by 6.5% during the 3rd quarter. Tidal Investments LLC now owns 44,458 shares of the company’s stock valued at $1,803,000 after buying an additional 2,718 shares in the last quarter. Synovus Financial Corp raised its stake in Exelon by 70.5% during the third quarter. Synovus Financial Corp now owns 18,649 shares of the company’s stock valued at $756,000 after buying an additional 7,713 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Exelon by 17.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 21,318 shares of the company’s stock worth $865,000 after acquiring an additional 3,244 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Exelon by 3.3% in the third quarter. Principal Financial Group Inc. now owns 1,159,783 shares of the company’s stock worth $47,029,000 after acquiring an additional 36,734 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Insider Transactions at Exelon

In other news, EVP Colette D. Honorable sold 1,463 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Exelon Trading Down 0.3 %

Shares of NASDAQ:EXC opened at $46.48 on Friday. The stock’s 50-day simple moving average is $45.06 and its two-hundred day simple moving average is $41.27. The stock has a market capitalization of $46.92 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.86 and a beta of 0.39. Exelon Co. has a 52-week low of $34.01 and a 52-week high of $48.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87.

Exelon (NASDAQ:EXC) last announced its earnings results on Thursday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a net margin of 10.68% and a return on equity of 9.52%. The company had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.30 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts expect that Exelon Co. will post 2.64 EPS for the current year.

Exelon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 12th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Monday, May 12th. Exelon’s payout ratio is 65.31%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXC. BMO Capital Markets upped their price target on shares of Exelon from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Barclays increased their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. UBS Group boosted their price objective on shares of Exelon from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Morgan Stanley increased their target price on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Finally, Guggenheim boosted their price target on Exelon from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $48.22.

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.