Fisher Funds Management LTD Invests $9.04 Million in Exelon Co. (NASDAQ:EXC)

Fisher Funds Management LTD acquired a new stake in Exelon Co. (NASDAQ:EXC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 240,789 shares of the company’s stock, valued at approximately $9,040,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its stake in shares of Exelon by 3.7% during the 3rd quarter. State Street Corp now owns 60,169,219 shares of the company’s stock worth $2,439,862,000 after acquiring an additional 2,156,259 shares during the period. Geode Capital Management LLC lifted its stake in shares of Exelon by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 25,945,791 shares of the company’s stock valued at $1,048,823,000 after buying an additional 403,542 shares in the last quarter. FMR LLC boosted its holdings in 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Exelon by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,967,343 shares of the company’s stock valued at $363,626,000 after buying an additional 160,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Exelon by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,446,408 shares of the company’s stock valued at $261,402,000 after acquiring an additional 123,466 shares during the period. 80.92% of the stock is owned by institutional investors.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $40.57, for a total value of $59,353.91. Following the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. This trade represents a 39.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Exelon Trading Up 0.5 %

NASDAQ EXC opened at $43.39 on Friday. 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 stock’s 50-day simple moving average is $39.41 and its two-hundred day simple moving average is $39.10. Exelon Co. has a twelve month low of $34.01 and a twelve month high of $43.69. The company has a market capitalization of $43.62 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Exelon had a return on equity of 9.52% and a net margin of 10.68%. During the same quarter in the previous year, the business posted $0.60 EPS. Research analysts forecast that Exelon Co. will post 2.64 EPS for the current fiscal year.

Exelon Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.69%. Exelon’s payout ratio is currently 62.04%.

Analysts Set New Price Targets

A number of research firms have recently commented on EXC. Barclays cut their price target on Exelon from $44.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Scotiabank raised their price target on shares of Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. BMO Capital Markets restated an “outperform” rating on shares of Exelon in a research report on Tuesday, February 4th. Morgan Stanley lowered their price objective on Exelon from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

About Exelon

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.