Forsta AP Fonden Trims Stock Holdings in Exelon Co. (NASDAQ:EXC)

Forsta AP Fonden decreased its holdings in Exelon Co. (NASDAQ:EXCGet Rating) by 6.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,700 shares of the company’s stock after selling 17,400 shares during the period. Forsta AP Fonden’s holdings in Exelon were worth $11,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in Exelon by 5.2% during the 4th quarter. Quadrant Capital Group LLC now owns 3,547 shares of the company’s stock valued at $205,000 after acquiring an additional 175 shares in the last quarter. JJJ Advisors Inc. boosted its position in Exelon by 30.2% during the 1st quarter. JJJ Advisors Inc. now owns 939 shares of the company’s stock valued at $45,000 after acquiring an additional 218 shares in the last quarter. Optimum Investment Advisors boosted its position in shares of Exelon by 30.9% in the 1st quarter. Optimum Investment Advisors now owns 945 shares of the company’s stock worth $45,000 after purchasing an additional 223 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Exelon by 0.8% in the 4th quarter. Advisor Partners LLC now owns 32,074 shares of the company’s stock worth $1,854,000 after purchasing an additional 248 shares in the last quarter. Finally, Riverwater Partners LLC boosted its position in shares of Exelon by 2.5% in the 1st quarter. Riverwater Partners LLC now owns 10,051 shares of the company’s stock worth $479,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on Exelon from $52.00 to $49.00 and set an “equal weight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised Exelon from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $47.00 to $55.00 in a research report on Wednesday, April 20th. Barclays lowered their price target on Exelon from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. KeyCorp lowered their price target on Exelon from $53.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Finally, UBS Group lowered their price target on Exelon from $54.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and an average price target of $48.15.

Insiders Place Their Bets

In other Exelon news, CEO John Tyler Anthony sold 4,451 shares of the business’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the completion of the sale, the chief executive officer now directly owns 974 shares in the company, valued at approximately $46,255.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.19% of the stock is owned by company insiders.

Exelon Price Performance

Shares of Exelon stock opened at $44.77 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 1.53. Exelon Co. has a twelve month low of $33.64 and a twelve month high of $50.71. The business has a 50-day moving average price of $44.83 and a 200 day moving average price of $46.14. The firm has a market cap of $43.88 billion, a PE ratio of 16.52, a P/E/G ratio of 2.79 and a beta of 0.57.

Exelon (NASDAQ:EXCGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Exelon had a net margin of 9.45% and a return on equity of 10.38%. During the same period in the previous year, the business posted $0.89 earnings per share. Sell-side analysts predict that Exelon Co. will post 2.27 earnings per share for the current fiscal year.

Exelon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.338 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.34. This represents a $1.35 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, August 12th. Exelon’s payout ratio is 49.82%.

Exelon Company Profile

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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

See Also

Institutional Ownership by Quarter for Exelon (NASDAQ:EXC)

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