Exelon Co. (NASDAQ:EXC) Shares Bought by Czech National Bank

Czech National Bank raised its stake in Exelon Co. (NASDAQ:EXC) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,868 shares of the company’s stock after buying an additional 14,158 shares during the period. Czech National Bank’s holdings in Exelon were worth $8,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EXC. JPMorgan Chase & Co. increased its stake in Exelon by 109.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,884,282 shares of the company’s stock valued at $238,608,000 after purchasing an additional 3,068,309 shares in the last quarter. State Street Corp increased its position in shares of Exelon by 3.7% in the third quarter. State Street Corp now owns 60,169,219 shares of the company’s stock valued at $2,439,862,000 after buying an additional 2,156,259 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Exelon by 418.1% during the 4th quarter. Nordea Investment Management AB now owns 2,501,392 shares of the company’s stock worth $94,152,000 after buying an additional 2,018,604 shares during the last quarter. FMR LLC boosted its position in shares of Exelon by 18.7% in the 3rd quarter. FMR LLC now owns 11,782,549 shares of the company’s stock worth $477,782,000 after buying an additional 1,858,502 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Exelon by 4,103.5% in the 3rd quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock valued at $42,441,000 after acquiring an additional 1,021,731 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Exelon Stock Performance

Exelon stock opened at $37.92 on Wednesday. The stock has a fifty day moving average price of $37.96 and a 200 day moving average price of $38.15. Exelon Co. has a 52 week low of $33.35 and a 52 week high of $41.19. The firm has a market capitalization of $38.10 billion, a P/E ratio of 15.61, a PEG ratio of 2.63 and a beta of 0.55. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.66.

Exelon (NASDAQ:EXC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Exelon had a net margin of 10.60% and a return on equity of 9.47%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Exelon Co. will post 2.45 earnings per share for the current year.

Exelon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, November 8th. This represents a $1.52 annualized dividend and a dividend yield of 4.01%. Exelon’s dividend payout ratio is presently 62.55%.

Wall Street Analysts Forecast Growth

EXC has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Barclays lifted their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group raised their price target on Exelon from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank upped their price objective on Exelon from $40.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group assumed coverage on Exelon in a research report on Thursday, September 19th. They set a “buy” rating and a $46.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Exelon currently has an average rating of “Hold” and a consensus target price of $42.38.

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.