LGT Group Foundation Has $476,000 Holdings in Exelon Co. (NASDAQ:EXC)

LGT Group Foundation lessened its holdings in shares of Exelon Co. (NASDAQ:EXC) by 34.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,647 shares of the company’s stock after selling 6,501 shares during the quarter. LGT Group Foundation’s holdings in Exelon were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Plato Investment Management Ltd increased its position in Exelon by 104.7% during the fourth quarter. Plato Investment Management Ltd now owns 60,574 shares of the company’s stock worth $2,288,000 after buying an additional 30,978 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Exelon during the fourth quarter worth approximately $36,000. Jones Financial Companies Lllp grew its position in shares of Exelon by 108.4% in the fourth quarter. Jones Financial Companies Lllp now owns 13,399 shares of the company’s stock valued at $504,000 after purchasing an additional 6,968 shares during the last quarter. Asahi Life Asset Management CO. LTD. acquired a new position in shares of Exelon in the fourth quarter valued at approximately $374,000. Finally, Bailard Inc. grew its position in shares of Exelon by 3.1% in the fourth quarter. Bailard Inc. now owns 15,092 shares of the company’s stock valued at $568,000 after purchasing an additional 451 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Exelon Trading Up 0.8 %

Shares of EXC stock opened at $44.55 on Tuesday. 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 $44.78 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The stock has a 50 day simple moving average of $40.28 and a 200 day simple moving average of $39.40. Exelon Co. has a 1 year low of $34.01 and a 1 year high of $44.62.

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, beating 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 period in the previous year, the company earned $0.60 earnings per share. On average, research analysts predict that Exelon Co. will post 2.64 earnings per share for the current fiscal year.

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.59%. Exelon’s dividend payout ratio is presently 65.31%.

Insiders Place Their Bets

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the company’s stock in a transaction on 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 directly owns 2,271 shares in the company, valued at $92,134.47. This represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the topic of several research reports. Scotiabank upped their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and upped their target price for the company from $43.00 to $44.00 in a research report on Tuesday, January 21st. Morgan Stanley decreased their target price on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Finally, Guggenheim raised Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

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.