Ilmarinen Mutual Pension Insurance Co Makes New Investment in Exelon Co. (NASDAQ:EXC)

Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Exelon Co. (NASDAQ:EXC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 72,000 shares of the company’s stock, valued at approximately $2,710,000.

A number of other large investors have also recently modified their holdings of EXC. Captrust Financial Advisors raised its position in Exelon by 4.2% during the 3rd quarter. Captrust Financial Advisors now owns 46,081 shares of the company’s stock valued at $1,869,000 after purchasing an additional 1,868 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of Exelon by 18.5% during the third quarter. Benjamin Edwards Inc. now owns 17,581 shares of the company’s stock valued at $714,000 after buying an additional 2,741 shares during the period. HighTower Advisors LLC raised its holdings in shares of Exelon by 2.9% in the third quarter. HighTower Advisors LLC now owns 253,792 shares of the company’s stock valued at $10,276,000 after acquiring an additional 7,213 shares in the last quarter. IHT Wealth Management LLC lifted its stake in Exelon by 2.2% in the third quarter. IHT Wealth Management LLC now owns 20,117 shares of the company’s stock worth $816,000 after acquiring an additional 440 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Exelon by 51.2% during the 3rd quarter. Quantinno Capital Management LP now owns 75,759 shares of the company’s stock worth $3,072,000 after acquiring an additional 25,656 shares in the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Exelon Stock Down 4.0 %

Shares of EXC stock opened at $45.35 on Friday. The stock’s fifty day moving average price is $43.17 and its 200 day moving average price is $40.35. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The company has a market cap of $45.78 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.86 and a beta of 0.39. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.87 and a quick ratio of 0.78.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share 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 quarter last year, the business earned $0.60 EPS. On average, research analysts expect that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 3.53%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Insider Activity

In related news, EVP Colette D. Honorable sold 1,463 shares of Exelon stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total transaction of $59,353.91. Following the completion of the sale, the executive vice president now owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

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

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.