Alberta Investment Management Corp Purchases 10,000 Shares of Exelon Co. (NASDAQ:EXC)

Alberta Investment Management Corp raised its position in shares of Exelon Co. (NASDAQ:EXC) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Alberta Investment Management Corp’s holdings in Exelon were worth $8,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in shares of Exelon by 0.6% during the third quarter. Legal & General Group Plc now owns 12,644,485 shares of the company’s stock valued at $477,837,000 after purchasing an additional 78,316 shares during the period. Northern Trust Corp boosted its stake in shares of Exelon by 3.5% during the third quarter. Northern Trust Corp now owns 11,665,829 shares of the company’s stock valued at $440,852,000 after purchasing an additional 395,908 shares during the period. Norges Bank purchased a new stake in shares of Exelon during the fourth quarter valued at $382,015,000. Invesco Ltd. boosted its stake in shares of Exelon by 12.2% during the third quarter. Invesco Ltd. now owns 10,069,810 shares of the company’s stock valued at $380,538,000 after purchasing an additional 1,092,736 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Exelon by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,853,617 shares of the company’s stock valued at $210,145,000 after purchasing an additional 109,263 shares during the period. Institutional investors own 80.92% of the company’s stock.

Analyst Upgrades and Downgrades

EXC has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Exelon from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Wells Fargo & Company upped their price objective on shares of Exelon from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, May 3rd. Morgan Stanley upped their price objective on shares of Exelon from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday. StockNews.com raised shares of Exelon from a “sell” rating to a “hold” rating in a research note on Monday, March 25th. Finally, BMO Capital Markets upped their price objective on shares of Exelon from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.08.

Exelon Stock Up 2.2 %

Shares of EXC traded up $0.82 during mid-day trading on Friday, hitting $37.55. 12,030,142 shares of the company traded hands, compared to its average volume of 6,259,764. Exelon Co. has a 1-year low of $33.35 and a 1-year high of $43.53. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $37.55 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.68 and a beta of 0.53. The business has a 50 day moving average of $37.43 and a 200 day moving average of $36.77.

Exelon (NASDAQ:EXC) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Exelon had a return on equity of 9.27% and a net margin of 10.44%. The business had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.70 billion. Equities research analysts anticipate that Exelon Co. will post 2.43 EPS for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.05%. Exelon’s payout ratio is 65.52%.

Exelon Company 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.