Skandinaviska Enskilda Banken AB publ Acquires 2,064 Shares of Exelon Co. (NASDAQ:EXC)

Skandinaviska Enskilda Banken AB publ grew its holdings in Exelon Co. (NASDAQ:EXC) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,289 shares of the company’s stock after acquiring an additional 2,064 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Exelon were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Apollon Wealth Management LLC raised its stake in shares of Exelon by 25.9% in the third quarter. Apollon Wealth Management LLC now owns 11,448 shares of the company’s stock valued at $464,000 after purchasing an additional 2,356 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Exelon by 7.1% in the third quarter. Oppenheimer & Co. Inc. now owns 33,393 shares of the company’s stock valued at $1,354,000 after purchasing an additional 2,208 shares in the last quarter. KBC Group NV raised its stake in shares of Exelon by 65.5% in the third quarter. KBC Group NV now owns 148,055 shares of the company’s stock valued at $6,004,000 after purchasing an additional 58,620 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Exelon by 10.1% in the third quarter. OneDigital Investment Advisors LLC now owns 6,955 shares of the company’s stock valued at $282,000 after purchasing an additional 638 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Exelon by 5.8% in the third quarter. CIBC Asset Management Inc now owns 310,238 shares of the company’s stock valued at $12,580,000 after purchasing an additional 17,135 shares in the last quarter. 80.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EXC shares. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research note on Tuesday, February 4th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Scotiabank increased their price objective on Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Evercore ISI upgraded Exelon from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $44.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley dropped their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Exelon has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the transaction, the executive vice president now owns 2,271 shares in the company, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Exelon Stock Performance

Shares of NASDAQ:EXC opened at $44.19 on Monday. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $45.20. The firm has a market cap of $44.42 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. 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 business has a fifty day moving average of $41.32 and a 200-day moving average of $39.75.

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

Exelon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.62%. Exelon’s dividend payout ratio (DPR) is 65.31%.

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.