Skandinaviska Enskilda Banken AB publ Sells 600 Shares of Exelon Co. (NASDAQ:EXC)

Skandinaviska Enskilda Banken AB publ decreased its stake in Exelon Co. (NASDAQ:EXC) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,424 shares of the company’s stock after selling 600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Exelon were worth $2,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXC. Vanguard Group Inc. boosted its position in Exelon by 16.3% during the first quarter. Vanguard Group Inc. now owns 105,310,761 shares of the company’s stock valued at $3,956,525,000 after buying an additional 14,749,899 shares during the period. Wellington Management Group LLP increased its stake in Exelon by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 93,146,101 shares of the company’s stock worth $3,343,945,000 after purchasing an additional 2,352,547 shares during the period. Lazard Asset Management LLC increased its stake in Exelon by 112.4% in the 1st quarter. Lazard Asset Management LLC now owns 31,527,396 shares of the company’s stock worth $1,184,483,000 after purchasing an additional 16,686,526 shares during the period. Putnam Investments LLC boosted its stake in shares of Exelon by 2.9% during the fourth quarter. Putnam Investments LLC now owns 9,711,396 shares of the company’s stock valued at $348,639,000 after purchasing an additional 274,967 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Exelon by 2.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 4,887,035 shares of the company’s stock worth $183,606,000 after purchasing an additional 113,428 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Scotiabank increased their price target on shares of Exelon from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 target price on the stock. Wells Fargo & Company boosted their price target on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. UBS Group increased their price objective on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays upped their target price on Exelon from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.83.

Exelon Stock Up 0.3 %

Shares of Exelon stock opened at $40.40 on Tuesday. The company has a 50-day simple moving average of $37.93 and a two-hundred day simple moving average of $37.08. The stock has a market capitalization of $40.40 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. Exelon Co. has a 52-week low of $33.35 and a 52-week high of $41.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 1.03.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Exelon had a return on equity of 9.40% and a net margin of 10.65%. During the same period in the prior year, the firm posted $0.41 EPS. On average, analysts anticipate that Exelon Co. will post 2.44 EPS for the current fiscal year.

Exelon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Monday, August 12th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Monday, August 12th. Exelon’s dividend payout ratio is currently 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.