APG Asset Management N.V. Has $31.36 Million Stock Holdings in Exelon Co. (NASDAQ:EXC)

APG Asset Management N.V. raised its stake in Exelon Co. (NASDAQ:EXC) by 607.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 862,724 shares of the company’s stock after buying an additional 740,831 shares during the period. APG Asset Management N.V.’s holdings in Exelon were worth $31,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Exelon during the 4th quarter valued at $479,597,000. FMR LLC boosted its stake in shares of Exelon by 46.9% during the fourth quarter. FMR LLC now owns 17,306,652 shares of the company’s stock valued at $651,422,000 after purchasing an additional 5,524,103 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Exelon by 109.0% during the third 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. Vanguard Group Inc. grew its holdings in shares of Exelon by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 127,335,351 shares of the company’s stock worth $4,792,903,000 after purchasing an additional 3,064,673 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Exelon by 25.8% in the fourth quarter. Invesco Ltd. now owns 13,718,745 shares of the company’s stock valued at $516,374,000 after buying an additional 2,817,174 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Performance

Shares of Exelon stock opened at $44.49 on Wednesday. The business has a 50-day moving average price of $43.44 and a two-hundred day moving average price of $40.46. Exelon Co. has a 1-year low of $34.01 and a 1-year high of $48.11. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 1.61. The company has a market cap of $44.91 billion, a P/E ratio of 18.16, a PEG ratio of 2.86 and a beta of 0.39.

Exelon (NASDAQ:EXC) last announced its earnings results 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 quarter last year, the business posted $0.60 EPS. As a group, analysts anticipate that Exelon Co. will post 2.64 EPS for the current year.

Exelon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.60 annualized dividend and a dividend yield of 3.60%. This is a positive change from Exelon’s previous quarterly dividend of $0.38. Exelon’s payout ratio is currently 65.31%.

Insider Activity at Exelon

In related news, EVP Colette D. Honorable sold 1,463 shares of the business’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 completion of the sale, the executive vice president now directly owns 2,271 shares of the company’s stock, valued at $92,134.47. The trade was a 39.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on EXC. Scotiabank lifted their target price on shares of Exelon from $42.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Exelon in a report on Tuesday, February 4th. Morgan Stanley increased their price objective on Exelon from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Evercore ISI raised Exelon from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $44.00 in a report on Tuesday, January 21st. Finally, UBS Group upped their price target on Exelon from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $45.13.

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.