Korea Investment CORP Has $30.98 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Korea Investment CORP increased its stake in Exelon Co. (NASDAQ:EXC) by 16.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 822,958 shares of the company’s stock after purchasing an additional 118,252 shares during the quarter. Korea Investment CORP’s holdings in Exelon were worth $30,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank increased its holdings in shares of Exelon by 7.0% during the 4th quarter. Czech National Bank now owns 217,868 shares of the company’s stock worth $8,201,000 after acquiring an additional 14,158 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Exelon by 20.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,624,805 shares of the company’s stock valued at $61,158,000 after buying an additional 279,827 shares during the period. HITE Hedge Asset Management LLC increased its stake in Exelon by 431.3% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 395,840 shares of the company’s stock worth $16,051,000 after acquiring an additional 321,333 shares during the period. State Street Corp raised its holdings in Exelon by 3.7% in the 3rd 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, Greenup Street Wealth Management LLC bought a new position in shares of Exelon in the fourth quarter worth $2,274,000. 80.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EXC shares. BMO Capital Markets reissued an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Barclays raised their price target on shares of Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Scotiabank upped their price objective on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Morgan Stanley raised their target price on shares of Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Finally, Evercore ISI upgraded shares of Exelon from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.13.

Exelon Stock Up 1.0 %

Exelon stock opened at $44.71 on Friday. The firm has a 50 day moving average price of $42.51 and a two-hundred day moving average price of $40.13. 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 Co. has a 52-week low of $34.01 and a 52-week high of $45.20. The firm has a market cap of $45.14 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.86 and a beta of 0.51.

Exelon (NASDAQ:EXC) last released its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same period last year, the business earned $0.60 EPS. Equities analysts predict that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a yield of 3.58%. This is a boost from Exelon’s previous quarterly dividend of $0.38. Exelon’s dividend payout ratio (DPR) is currently 65.31%.

Insiders Place Their Bets

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

Exelon 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.