Lansforsakringar Fondforvaltning AB publ Invests $12.07 Million in Exelon Co. (NASDAQ:EXC)

Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Exelon Co. (NASDAQ:EXC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 320,570 shares of the company's stock, valued at approximately $12,066,000.

Other large investors also recently modified their holdings of the company. Ameriflex Group Inc. acquired a new stake in shares of Exelon during the 4th quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new stake in Exelon in the 4th quarter valued at $28,000. Stephens Consulting LLC grew its position in Exelon by 78.1% in the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company's stock valued at $29,000 after purchasing an additional 343 shares during the period. Brown Lisle Cummings Inc. acquired a new stake in Exelon in the 4th quarter valued at $30,000. Finally, Crews Bank & Trust acquired a new stake in Exelon in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 80.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EXC shares. Wells Fargo & Company lifted their price target on shares of Exelon from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Scotiabank lifted their price target on shares of Exelon from $42.00 to $44.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. UBS Group lifted their price target on shares of Exelon from $46.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday. Morgan Stanley reduced their price target on shares of Exelon from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Finally, KeyCorp downgraded shares of Exelon from a "sector weight" rating to an "underweight" rating and set a $39.00 price target for the company. in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $47.40.

Exelon Stock Down 0.1%

NASDAQ:EXC traded down $0.03 during trading hours on Monday, hitting $43.79. 4,312,916 shares of the company traded hands, compared to its average volume of 7,345,148. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.61. The firm's 50-day simple moving average is $45.22 and its 200-day simple moving average is $42.00. Exelon Co. has a one year low of $34.01 and a one year high of $48.11. The company has a market cap of $44.21 billion, a PE ratio of 17.87, a PEG ratio of 2.86 and a beta of 0.43.

Exelon (NASDAQ:EXC - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.06. Exelon had a return on equity of 9.52% and a net margin of 10.68%. The business had revenue of $6.71 billion for the quarter, compared to analysts' expectations of $6.30 billion. During the same period last year, the business earned $0.68 EPS. The business's revenue was up 11.1% on a year-over-year basis. Equities analysts predict that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, May 12th. 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.