KLP Kapitalforvaltning AS Invests $35.61 Million in Exelon Co. (NASDAQ:EXC)

KLP Kapitalforvaltning AS bought a new position in Exelon Co. (NASDAQ:EXC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 946,144 shares of the company’s stock, valued at approximately $35,613,000. KLP Kapitalforvaltning AS owned approximately 0.09% of Exelon as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Exelon during the 4th quarter valued at approximately $28,000. Stephens Consulting LLC increased its position in Exelon by 78.1% during the 4th quarter. Stephens Consulting LLC now owns 782 shares of the company’s stock valued at $29,000 after buying an additional 343 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in Exelon during the 4th quarter valued at approximately $30,000. Crews Bank & Trust bought a new position in Exelon during the 4th quarter valued at approximately $34,000. Finally, Capital Advisors Ltd. LLC increased its position in Exelon by 119.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 942 shares of the company’s stock valued at $35,000 after buying an additional 513 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling

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

Exelon Price Performance

Shares of Exelon stock opened at $43.80 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.78 and a current ratio of 0.87. The stock’s fifty day moving average is $41.97 and its 200 day moving average is $39.96. The stock has a market cap of $44.03 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.86 and a beta of 0.51. Exelon Co. has a one year low of $34.01 and a one year high of $45.20.

Exelon (NASDAQ:EXC) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.64 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.60 EPS. Sell-side analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.40 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, February 24th. Exelon’s payout ratio is currently 65.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday. Scotiabank increased their target price on Exelon from $42.00 to $44.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Guggenheim upgraded Exelon from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley increased their target price on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Barclays increased their target price on Exelon from $42.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Exelon presently has a consensus rating of “Moderate Buy” and an average price target of $45.13.

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.