Achmea Investment Management B.V. Makes New $25.16 Million Investment in Exelon Corporation (NASDAQ:EXC)

Achmea Investment Management B.V. bought a new stake in shares of Exelon Corporation (NASDAQ:EXC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 546,111 shares of the company's stock, valued at approximately $25,164,000. Achmea Investment Management B.V. owned approximately 0.05% of Exelon at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Transcend Capital Advisors LLC lifted its holdings in Exelon by 2.4% in the first quarter. Transcend Capital Advisors LLC now owns 24,791 shares of the company's stock worth $1,142,000 after buying an additional 584 shares during the period. Diversified Trust Co boosted its holdings in shares of Exelon by 89.6% during the 1st quarter. Diversified Trust Co now owns 42,011 shares of the company's stock valued at $1,936,000 after buying an additional 19,848 shares in the last quarter. PDS Planning Inc purchased a new stake in shares of Exelon in the 1st quarter worth about $240,000. Creative Financial Designs Inc. ADV bought a new position in shares of Exelon in the 1st quarter worth about $90,000. Finally, Perigon Wealth Management LLC lifted its position in Exelon by 3.2% during the 1st quarter. Perigon Wealth Management LLC now owns 15,253 shares of the company's stock valued at $703,000 after acquiring an additional 471 shares during the period. Institutional investors own 80.92% of the company's stock.

Analyst Ratings Changes

EXC has been the subject of a number of analyst reports. Guggenheim raised their target price on shares of Exelon from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised their price objective on Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Evercore ISI lifted their price objective on Exelon from $48.00 to $51.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. UBS Group reaffirmed a "neutral" rating and issued a $48.00 price target (up previously from $46.00) on shares of Exelon in a research report on Monday, June 2nd. Finally, KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 target price on the stock. in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $47.40.

Exelon Stock Performance

Shares of EXC stock opened at $42.51 on Friday. Exelon Corporation has a 52 week low of $34.01 and a 52 week high of $48.11. The company has a quick ratio of 0.98, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The company has a 50 day moving average price of $44.22 and a 200-day moving average price of $42.46. The firm has a market capitalization of $42.92 billion, a PE ratio of 15.80, a P/E/G ratio of 2.44 and a beta of 0.39.

Exelon (NASDAQ:EXC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.06. The company had revenue of $6.71 billion during the quarter, compared to analysts' expectations of $6.30 billion. Exelon had a return on equity of 10.29% and a net margin of 11.44%. Exelon's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, equities research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current year.

Exelon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 3.76%. Exelon's payout ratio is 59.48%.

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.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NASDAQ:EXC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.