Fisher Funds Management LTD Takes Position in Exelon Co. (NASDAQ:EXC)

Fisher Funds Management LTD purchased a new position in Exelon Co. (NASDAQ:EXC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 240,789 shares of the company’s stock, valued at approximately $9,040,000.

Other large investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC lifted its holdings in shares of Exelon by 3.5% during the third quarter. Foundations Investment Advisors LLC now owns 7,533 shares of the company’s stock valued at $305,000 after purchasing an additional 255 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Exelon by 6.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 24,840 shares of the company’s stock valued at $1,007,000 after buying an additional 1,462 shares in the last quarter. Private Advisor Group LLC raised its stake in Exelon by 4.1% during the third quarter. Private Advisor Group LLC now owns 57,661 shares of the company’s stock valued at $2,338,000 after buying an additional 2,271 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Exelon by 4,103.5% in the third quarter. International Assets Investment Management LLC now owns 1,046,630 shares of the company’s stock worth $42,441,000 after acquiring an additional 1,021,731 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Exelon by 6.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 36,818 shares of the company’s stock worth $1,493,000 after acquiring an additional 2,282 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Exelon Price Performance

NASDAQ EXC opened at $43.39 on Friday. The company has a 50-day moving average price of $39.41 and a 200-day moving average price of $39.10. Exelon Co. has a 52 week low of $34.01 and a 52 week high of $43.69. 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 has a market capitalization of $43.62 billion, a P/E ratio of 17.71, a PEG ratio of 2.86 and a beta of 0.56.

Exelon (NASDAQ:EXC) last announced its earnings results on Wednesday, February 12th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. Exelon had a net margin of 10.68% and a return on equity of 9.52%. During the same quarter last year, the business earned $0.60 earnings per share. Equities research analysts anticipate that Exelon Co. will post 2.64 earnings per share for the current year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.40 dividend. This is a boost from Exelon’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Monday, February 24th. Exelon’s dividend payout ratio (DPR) is currently 62.04%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Exelon news, EVP Colette D. Honorable sold 1,463 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $40.57, for a total transaction of $59,353.91. Following the sale, the executive vice president now owns 2,271 shares in the company, valued at approximately $92,134.47. This trade represents a 39.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

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.