Swedbank AB Has $106.87 Million Stock Position in Exelon Co. (NASDAQ:EXC)

Swedbank AB grew its stake in Exelon Co. (NASDAQ:EXC) by 0.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,635,517 shares of the company’s stock after purchasing an additional 6,037 shares during the quarter. Swedbank AB’s holdings in Exelon were worth $106,870,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. American National Bank & Trust boosted its position in Exelon by 178.8% during the third quarter. American National Bank & Trust now owns 697 shares of the company’s stock worth $28,000 after purchasing an additional 447 shares during the period. Versant Capital Management Inc raised its holdings in Exelon by 646.2% in the 2nd quarter. Versant Capital Management Inc now owns 776 shares of the company’s stock valued at $27,000 after acquiring an additional 672 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Exelon during the third quarter worth about $32,000. J.Safra Asset Management Corp acquired a new stake in shares of Exelon during the 2nd quarter worth approximately $28,000. Finally, Abound Wealth Management increased its stake in shares of Exelon by 502.7% in the 2nd quarter. Abound Wealth Management now owns 892 shares of the company’s stock valued at $31,000 after purchasing an additional 744 shares during the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Analysts Set New Price Targets

EXC has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Exelon from $46.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday. Wells Fargo & Company upped their target price on Exelon from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Barclays lifted their price objective on Exelon from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. UBS Group boosted their target price on shares of Exelon from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group began coverage on Exelon in a research note on Thursday, September 19th. They issued a “buy” rating and a $46.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.25.

Exelon Stock Down 1.5 %

EXC opened at $38.71 on Monday. The firm has a market capitalization of $38.90 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.76 and a beta of 0.54. The company has a fifty day moving average price of $39.64 and a 200-day moving average price of $37.83. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.97. Exelon Co. has a one year low of $33.35 and a one year high of $41.42.

Exelon (NASDAQ:EXC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Exelon had a return on equity of 9.47% and a net margin of 10.60%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company earned $0.67 EPS. Exelon’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts expect that Exelon Co. will post 2.46 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, November 8th. Exelon’s payout ratio is 62.55%.

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.